Sherbrooke Park Advisers LLC Takes $183,000 Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Sherbrooke Park Advisers LLC bought a new position in RE/MAX Holdings, Inc. (NYSE:RMAX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 17,135 shares of the financial services provider’s stock, valued at approximately $183,000. Sherbrooke Park Advisers LLC owned 0.09% of RE/MAX as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of RMAX. Martingale Asset Management L P bought a new position in shares of RE/MAX during the 4th quarter valued at about $110,000. Wells Fargo & Company MN boosted its holdings in shares of RE/MAX by 27.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,286 shares during the last quarter. AlphaQuest LLC raised its position in shares of RE/MAX by 39.2% during the 4th quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider’s stock valued at $126,000 after buying an additional 3,329 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of RE/MAX during the 4th quarter valued at about $136,000. Finally, Quantinno Capital Management LP raised its position in shares of RE/MAX by 36.2% during the 4th quarter. Quantinno Capital Management LP now owns 14,807 shares of the financial services provider’s stock valued at $158,000 after buying an additional 3,934 shares in the last quarter. Institutional investors own 93.17% of the company’s stock.

Analysts Set New Price Targets

RMAX has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their target price on shares of RE/MAX from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. StockNews.com lowered shares of RE/MAX from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Insider Activity

In other RE/MAX news, EVP Abigail C. Lee sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $7.78, for a total value of $77,800.00. Following the completion of the sale, the executive vice president now directly owns 151,874 shares in the company, valued at $1,181,579.72. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company’s stock.

RE/MAX Price Performance

Shares of RMAX stock opened at $7.56 on Wednesday. The company has a market capitalization of $143.51 million, a P/E ratio of 21.60 and a beta of 1.20. The company’s 50-day simple moving average is $7.93 and its two-hundred day simple moving average is $9.77. RE/MAX Holdings, Inc. has a one year low of $6.90 and a one year high of $14.31.

RE/MAX (NYSE:RMAX) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. The business had revenue of $72.47 million for the quarter, compared to the consensus estimate of $74.34 million. On average, research analysts expect that RE/MAX Holdings, Inc. will post 0.89 EPS for the current fiscal year.

RE/MAX Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.