RE/MAX Holdings, Inc. (NYSE:RMAX) Position Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 94.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,487 shares of the financial services provider's stock after selling 496,701 shares during the period. Assenagon Asset Management S.A. owned about 0.15% of RE/MAX worth $293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RMAX. nVerses Capital LLC lifted its holdings in RE/MAX by 566.7% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 1,700 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of RE/MAX by 31.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 1,336 shares during the period. Quest Partners LLC purchased a new stake in RE/MAX during the third quarter worth about $106,000. Quantinno Capital Management LP acquired a new position in RE/MAX during the third quarter worth about $135,000. Finally, Paloma Partners Management Co purchased a new position in RE/MAX in the third quarter valued at about $143,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised RE/MAX from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $9.17.

RE/MAX Trading Down 1.7 %

NYSE:RMAX traded down $0.18 during mid-day trading on Friday, hitting $10.23. The company had a trading volume of 106,898 shares, compared to its average volume of 125,480. The business has a fifty day simple moving average of $11.32 and a 200-day simple moving average of $11.18. RE/MAX Holdings, Inc. has a 1 year low of $6.94 and a 1 year high of $14.31.

RE/MAX (NYSE:RMAX - Get Free Report) last announced its earnings results on Thursday, October 31st. The financial services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.16). The company had revenue of $78.48 million for the quarter, compared to analysts' expectations of $78.64 million. RE/MAX had a negative net margin of 3.08% and a negative return on equity of 35.76%. During the same quarter in the previous year, the business posted $0.25 earnings per share. Research analysts predict that RE/MAX Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

Insider Transactions at RE/MAX

In other RE/MAX news, major shareholder Adam K. Peterson purchased 27,366 shares of RE/MAX stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $10.96 per share, with a total value of $299,931.36. Following the completion of the acquisition, the insider now owns 3,178,040 shares of the company's stock, valued at approximately $34,831,318.40. This trade represents a 0.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have bought 97,255 shares of company stock valued at $1,029,363. Corporate insiders own 5.99% of the company's stock.

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.