Connor Clark & Lunn Investment Management Ltd. reduced its position in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 39.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,741 shares of the financial services provider's stock after selling 139,910 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.14% of RE/MAX worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in RE/MAX by 0.7% in 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 buying an additional 1,092 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings 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 worth $60,000 after acquiring an additional 1,336 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of RE/MAX by 6.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 26,178 shares of the financial services provider's stock worth $279,000 after acquiring an additional 1,662 shares during the period. Empowered Funds LLC boosted its holdings in shares of RE/MAX by 5.2% in the third quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider's stock worth $711,000 after acquiring an additional 2,814 shares during the period. Finally, AlphaQuest LLC boosted its holdings in shares of RE/MAX by 39.2% in the fourth quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider's stock worth $126,000 after acquiring an additional 3,329 shares during the period. 93.17% of the stock is owned by hedge funds and other institutional investors.
RE/MAX Price Performance
Shares of RE/MAX stock traded down $0.31 during trading hours on Friday, reaching $8.87. The company had a trading volume of 266,672 shares, compared to its average volume of 224,012. RE/MAX Holdings, Inc. has a one year low of $6.94 and a one year high of $14.31. The business has a fifty day simple moving average of $9.57 and a 200 day simple moving average of $11.05. The firm has a market cap of $168.38 million, a PE ratio of 25.34 and a beta of 1.32.
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 the consensus estimate of $74.34 million. RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. On average, research analysts forecast that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.
Insider Activity at RE/MAX
In other news, major shareholder Adam K. Peterson purchased 15,000 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was purchased at an average price of $10.30 per share, with a total value of $154,500.00. Following the completion of the purchase, the insider now directly owns 3,236,131 shares in the company, valued at approximately $33,332,149.30. This trade represents a 0.47 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 40,434 shares of company stock valued at $410,729. Company insiders own 5.99% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered RE/MAX from a "strong-buy" rating to a "buy" rating in a report on Wednesday.
Check Out Our Latest Analysis on RMAX
RE/MAX Company Profile
(
Free Report)
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.
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