RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Bought by Capital World Investors

Capital World Investors grew its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 736.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,500,000 shares of the financial services provider's stock after buying an additional 1,320,628 shares during the period. Capital World Investors owned 7.95% of RE/MAX worth $16,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RMAX. Harbor Capital Advisors Inc. raised its holdings in RE/MAX by 31.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 1,336 shares during the last quarter. Martingale Asset Management L P purchased a new stake in shares of RE/MAX in the fourth quarter valued at approximately $110,000. Wells Fargo & Company MN increased its holdings in shares of RE/MAX by 27.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider's stock valued at $113,000 after purchasing an additional 2,286 shares during the last quarter. AlphaQuest LLC lifted its position in RE/MAX by 39.2% during the fourth quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider's stock worth $126,000 after buying an additional 3,329 shares in the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new position in RE/MAX during the fourth quarter worth $136,000. 93.17% of the stock is owned by hedge funds and other institutional investors.

RE/MAX Stock Up 2.2 %

Shares of RE/MAX stock traded up $0.16 during mid-day trading on Thursday, hitting $7.39. The stock had a trading volume of 97,115 shares, compared to its average volume of 213,017. The firm has a market cap of $140.28 million, a P/E ratio of 21.11 and a beta of 1.25. The firm has a 50-day moving average of $8.39 and a two-hundred day moving average of $10.31. RE/MAX Holdings, Inc. has a 12-month low of $6.90 and a 12-month high of $14.31.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its earnings results 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). RE/MAX had a negative return on equity of 38.69% and a net margin of 2.32%. The business had revenue of $72.47 million for the quarter, compared to analyst estimates of $74.34 million. Sell-side analysts expect that RE/MAX Holdings, Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

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

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.