River Global Investors LLP Buys 43,958 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

River Global Investors LLP increased its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 66.6% during the 4th quarter, Holdings Channel reports. The fund owned 109,976 shares of the financial services provider’s stock after buying an additional 43,958 shares during the quarter. River Global Investors LLP’s holdings in RE/MAX were worth $1,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of RE/MAX in the third quarter worth about $35,000. SG Americas Securities LLC bought a new stake in RE/MAX during the 3rd quarter worth approximately $121,000. Robertson Stephens Wealth Management LLC bought a new position in RE/MAX in the fourth quarter valued at approximately $139,000. WINTON GROUP Ltd bought a new position in RE/MAX in the third quarter valued at approximately $152,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of RE/MAX by 14.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 12,212 shares of the financial services provider’s stock valued at $163,000 after buying an additional 1,557 shares during the period. Institutional investors own 93.17% of the company’s stock.

RE/MAX Trading Up 7.7 %

Shares of NYSE RMAX traded up $0.55 during mid-day trading on Friday, hitting $7.71. The company had a trading volume of 628,341 shares, compared to its average volume of 267,027. RE/MAX Holdings, Inc. has a one year low of $6.94 and a one year high of $20.48. The company has a market capitalization of $140.94 million, a PE ratio of -1.95 and a beta of 1.42. The firm has a 50-day simple moving average of $7.85 and a two-hundred day simple moving average of $9.71.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. RE/MAX had a negative return on equity of 62.93% and a negative net margin of 22.51%. The firm had revenue of $76.60 million during the quarter, compared to the consensus estimate of $77.19 million. Sell-side analysts expect that RE/MAX Holdings, Inc. will post 0.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of RE/MAX from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 28th. Morgan Stanley dropped their price target on RE/MAX from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 10th. StockNews.com cut RE/MAX from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Jonestrading reissued a “hold” rating on shares of RE/MAX in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.00.

Insider Buying and Selling

In other news, major shareholder Adam K. Peterson bought 54,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $7.64 per share, with a total value of $412,560.00. Following the acquisition, the insider now owns 3,037,843 shares in the company, valued at $23,209,120.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other RE/MAX news, major shareholder Adam K. Peterson bought 54,000 shares of RE/MAX stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $7.64 per share, for a total transaction of $412,560.00. Following the purchase, the insider now owns 3,037,843 shares of the company’s stock, valued at approximately $23,209,120.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Abigail C. Lee sold 4,500 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $8.51, for a total value of $38,295.00. Following the completion of the sale, the executive vice president now owns 89,229 shares in the company, valued at approximately $759,338.79. The disclosure for this sale can be found here. 5.99% of the stock is owned by corporate insiders.

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.