Norges Bank acquired a new position in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 99,200 shares of the financial services provider's stock, valued at approximately $1,058,000. Norges Bank owned approximately 0.53% of RE/MAX as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its position in RE/MAX by 31.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider's stock worth $60,000 after purchasing an additional 1,336 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of RE/MAX during the 3rd quarter worth approximately $135,000. XTX Topco Ltd bought a new position in RE/MAX in the third quarter valued at approximately $145,000. AlphaQuest LLC lifted its stake 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 purchasing an additional 3,329 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of RE/MAX in the 4th quarter valued at $190,000. Institutional investors own 93.17% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com upgraded RE/MAX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 27th.
Check Out Our Latest Report on RE/MAX
RE/MAX Trading Down 1.7 %
NYSE:RMAX traded down $0.13 on Thursday, hitting $7.37. The company had a trading volume of 47,111 shares, compared to its average volume of 215,451. The firm has a 50 day moving average of $8.72 and a two-hundred day moving average of $10.51. The stock has a market capitalization of $139.98 million, a price-to-earnings ratio of 21.06 and a beta of 1.25. RE/MAX Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $14.31.
RE/MAX (NYSE:RMAX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.10). The firm had revenue of $72.47 million for the quarter, compared to analyst estimates of $74.34 million. RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. As a group, equities analysts forecast that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.
About RE/MAX
(
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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