Renaissance Technologies LLC grew its position in shares of Re/Max Holdings Inc (NYSE:RMAX) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 998,100 shares of the financial services provider’s stock after buying an additional 64,900 shares during the quarter. Renaissance Technologies LLC owned 5.62% of Re/Max worth $52,350,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of RMAX. BlackRock Inc. increased its stake in shares of Re/Max by 6.5% during the 2nd quarter. BlackRock Inc. now owns 2,432,754 shares of the financial services provider’s stock worth $127,598,000 after purchasing an additional 148,313 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Re/Max by 3.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,624,016 shares of the financial services provider’s stock worth $98,172,000 after purchasing an additional 50,888 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of Re/Max by 0.4% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,525,193 shares of the financial services provider’s stock worth $92,198,000 after purchasing an additional 6,802 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in Re/Max by 0.7% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,401,902 shares of the financial services provider’s stock valued at $73,530,000 after buying an additional 9,824 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Re/Max by 15.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 829,693 shares of the financial services provider’s stock valued at $43,517,000 after buying an additional 110,530 shares in the last quarter. 99.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RMAX traded down $1.06 during mid-day trading on Friday, reaching $42.47. 98,374 shares of the stock traded hands, compared to its average volume of 124,491. The firm has a market capitalization of $787.03 million, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.97 and a beta of 0.46. The company has a debt-to-equity ratio of 3.79, a current ratio of 5.71 and a quick ratio of 5.71. Re/Max Holdings Inc has a 1 year low of $42.21 and a 1 year high of $67.50.
Re/Max (NYSE:RMAX) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $54.30 million during the quarter, compared to analyst estimates of $53.28 million. Re/Max had a net margin of 6.32% and a return on equity of 74.33%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. On average, analysts expect that Re/Max Holdings Inc will post 2.13 earnings per share for the current year.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Re/Max from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd. William Blair assumed coverage on shares of Re/Max in a research note on Friday, July 6th. They issued an “outperform” rating for the company. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $65.00 price objective on shares of Re/Max in a research note on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Re/Max currently has an average rating of “Hold” and a consensus target price of $62.17.
RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. The company was founded in 1973 and is headquartered in Denver, Colorado.
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