Magnolia Group LLC Increases Stock Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Magnolia Group LLC raised its stake in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,221,131 shares of the financial services provider's stock after acquiring an additional 70,457 shares during the quarter. RE/MAX makes up 5.9% of Magnolia Group LLC's holdings, making the stock its 6th biggest position. Magnolia Group LLC owned approximately 17.07% of RE/MAX worth $34,369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of RMAX. Charles Schwab Investment Management Inc. raised its stake in RE/MAX by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,779 shares of the financial services provider's stock valued at $1,619,000 after acquiring an additional 1,092 shares during the period. Harbor Capital Advisors Inc. raised its position 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. Exchange Traded Concepts LLC raised its position 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 valued at $279,000 after purchasing an additional 1,662 shares during the period. Empowered Funds LLC boosted its holdings in RE/MAX by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider's stock worth $711,000 after buying an additional 2,814 shares during the period. Finally, AlphaQuest LLC grew its stake in RE/MAX by 39.2% in the 4th quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider's stock valued at $126,000 after buying an additional 3,329 shares in the last quarter. Hedge funds and other institutional investors own 93.17% of the company's stock.

RE/MAX Trading Up 0.4 %

RMAX stock opened at $8.65 on Thursday. The firm has a 50 day moving average of $9.76 and a 200-day moving average of $11.18. The firm has a market capitalization of $164.11 million, a P/E ratio of 24.70 and a beta of 1.32. RE/MAX Holdings, Inc. has a 12 month low of $6.94 and a 12 month high of $14.31.

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RE/MAX (NYSE:RMAX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.10). The firm had revenue of $72.47 million during 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%. Sell-side analysts predict that RE/MAX Holdings, Inc. will post 0.89 EPS 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 research report on Tuesday.

Insider Buying and Selling

In related news, major shareholder Adam K. Peterson bought 29,455 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $10.82 per share, for a total transaction of $318,703.10. Following the completion of the transaction, the insider now directly owns 3,207,495 shares in the company, valued at $34,705,095.90. This trade represents a 0.93 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 69,889 shares of company stock worth $729,432 over the last ninety days. 5.99% of the stock is owned by corporate insiders.

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.

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