JPMorgan Chase & Co. Has $1.50 Million Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

JPMorgan Chase & Co. grew its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 145.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,247 shares of the financial services provider's stock after buying an additional 71,215 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.64% of RE/MAX worth $1,497,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Rhumbline Advisers boosted its holdings in shares of RE/MAX by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider's stock valued at $236,000 after buying an additional 2,054 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in RE/MAX in the second quarter valued at $253,000. AXA S.A. bought a new position in shares of RE/MAX in the 2nd quarter valued at about $487,000. AQR Capital Management LLC increased its stake in shares of RE/MAX by 14.9% during the 2nd quarter. AQR Capital Management LLC now owns 516,953 shares of the financial services provider's stock worth $4,187,000 after purchasing an additional 66,960 shares during the last quarter. Finally, Algert Global LLC raised its holdings in shares of RE/MAX by 21.3% in the 2nd quarter. Algert Global LLC now owns 18,287 shares of the financial services provider's stock valued at $148,000 after purchasing an additional 3,217 shares during the period. 93.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other RE/MAX news, major shareholder Adam K. Peterson purchased 11,798 shares of the business's stock in a transaction dated Friday, January 10th. The shares were bought at an average price of $9.64 per share, for a total transaction of $113,732.72. Following the completion of the acquisition, the insider now owns 3,247,929 shares in the company, valued at approximately $31,310,035.56. This trade represents a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have purchased 97,255 shares of company stock valued at $1,029,363. 5.99% of the stock is currently owned by insiders.

RE/MAX Stock Down 1.7 %

Shares of RMAX traded down $0.18 during trading hours on Friday, hitting $10.23. 106,898 shares of the company were exchanged, compared to its average volume of 147,733. RE/MAX Holdings, Inc. has a fifty-two week low of $6.94 and a fifty-two week high of $14.31. The company has a market cap of $193.04 million, a price-to-earnings ratio of -18.94 and a beta of 1.38. The firm's fifty day moving average is $11.34 and its 200 day moving average is $11.14.

RE/MAX (NYSE:RMAX - Get Free Report) last announced its quarterly earnings data 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). RE/MAX had a negative net margin of 3.08% and a negative return on equity of 35.76%. The firm had revenue of $78.48 million for the quarter, compared to analyst estimates of $78.64 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Analysts anticipate that RE/MAX Holdings, Inc. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

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

RE/MAX Profile

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.