RE/MAX Holdings, Inc. (NYSE:RMAX) Stake Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 19.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 306,099 shares of the financial services provider's stock after purchasing an additional 50,796 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.62% of RE/MAX worth $3,266,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Magnolia Group LLC grew its stake in RE/MAX by 2.2% during the fourth quarter. Magnolia Group LLC now owns 3,221,131 shares of the financial services provider's stock worth $34,369,000 after buying an additional 70,457 shares during the period. State Street Corp boosted its position in RE/MAX by 6.6% during the 3rd quarter. State Street Corp now owns 435,652 shares of the financial services provider's stock worth $5,424,000 after purchasing an additional 27,131 shares during the period. Geode Capital Management LLC increased its holdings in RE/MAX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider's stock valued at $5,178,000 after purchasing an additional 7,688 shares in the last quarter. Prudential Financial Inc. raised its position in RE/MAX by 101.6% in the fourth quarter. Prudential Financial Inc. now owns 212,762 shares of the financial services provider's stock valued at $2,270,000 after purchasing an additional 107,207 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of RE/MAX by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 151,779 shares of the financial services provider's stock worth $1,619,000 after purchasing an additional 1,092 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded RE/MAX from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 27th.

RE/MAX Stock Performance

Shares of RMAX stock traded up $0.15 on Monday, hitting $7.31. The stock had a trading volume of 12,197 shares, compared to its average volume of 147,511. The stock's 50 day moving average is $8.89 and its 200-day moving average is $10.59. The firm has a market capitalization of $138.75 million, a price-to-earnings ratio of 20.88 and a beta of 1.25. RE/MAX Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $14.31.

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

About RE/MAX

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.