Capstone Asset Management Co. reduced its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 13.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,420 shares of the financial services provider’s stock after selling 530 shares during the period. Capstone Asset Management Co.’s holdings in RE/MAX Holdings were worth $203,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Burgundy Asset Management Ltd. raised its position in shares of RE/MAX Holdings by 0.9% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,532,803 shares of the financial services provider’s stock worth $85,837,000 after buying an additional 14,317 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of RE/MAX Holdings by 13.5% in the fourth quarter. Renaissance Technologies LLC now owns 594,500 shares of the financial services provider’s stock valued at $33,292,000 after buying an additional 70,600 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of RE/MAX Holdings by 18.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 548,099 shares of the financial services provider’s stock valued at $30,694,000 after buying an additional 83,433 shares during the last quarter. State Street Corp increased its stake in RE/MAX Holdings by 10.9% in the fourth quarter. State Street Corp now owns 371,733 shares of the financial services provider’s stock valued at $20,817,000 after buying an additional 36,406 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in RE/MAX Holdings by 5.4% in the fourth quarter. Teachers Advisors LLC now owns 29,462 shares of the financial services provider’s stock valued at $1,650,000 after buying an additional 1,503 shares in the last quarter.
Shares of RE/MAX Holdings, Inc. (NYSE RMAX) traded up 0.27% during mid-day trading on Monday, hitting $54.85. 38,111 shares of the company traded hands. RE/MAX Holdings, Inc. has a 1-year low of $37.60 and a 1-year high of $63.35. The stock has a market capitalization of $970.63 million, a PE ratio of 42.62 and a beta of 0.93. The firm’s 50 day moving average price is $55.48 and its 200-day moving average price is $56.16.
RE/MAX Holdings (NYSE:RMAX) last issued its earnings results on Thursday, May 4th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $48.20 million for the quarter, compared to analysts’ expectations of $47.52 million. RE/MAX Holdings had a net margin of 12.50% and a return on equity of 82.39%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, equities research analysts forecast that RE/MAX Holdings, Inc. will post $1.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Monday, May 15th. RE/MAX Holdings’s payout ratio is presently 56.25%.
A number of equities analysts recently commented on RMAX shares. Zacks Investment Research cut RE/MAX Holdings from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Keefe, Bruyette & Woods set a $53.00 price objective on RE/MAX Holdings and gave the stock a “hold” rating in a report on Monday, April 10th. TheStreet upgraded shares of RE/MAX Holdings from a “c” rating to a “b” rating in a research report on Friday, March 17th. Wedbush initiated coverage on shares of RE/MAX Holdings in a research report on Tuesday, March 14th. They issued a “neutral” rating for the company. Finally, Compass Point restated a “sell” rating on shares of RE/MAX Holdings in a research report on Thursday, March 9th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. RE/MAX Holdings has an average rating of “Hold” and an average price target of $59.50.
RE/MAX Holdings Company Profile
RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.
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