American Century Companies Inc. Sells 98,500 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

American Century Companies Inc. lessened its stake in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 28.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,920 shares of the financial services provider's stock after selling 98,500 shares during the quarter. American Century Companies Inc. owned about 1.35% of RE/MAX worth $2,000,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blair William & Co. IL increased its stake in RE/MAX by 767.5% in the first quarter. Blair William & Co. IL now owns 109,611 shares of the financial services provider's stock valued at $961,000 after acquiring an additional 96,976 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of RE/MAX during the 1st quarter worth $572,000. Vanguard Group Inc. grew its position in RE/MAX by 9.2% in the first quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider's stock valued at $9,838,000 after acquiring an additional 94,758 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in RE/MAX by 107.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 291,855 shares of the financial services provider's stock worth $2,560,000 after acquiring an additional 151,036 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of RE/MAX by 46.2% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,057,780 shares of the financial services provider's stock worth $14,100,000 after acquiring an additional 334,290 shares during the last quarter. Institutional investors own 93.17% of the company's stock.

RE/MAX Stock Performance

Shares of RE/MAX stock traded down $0.43 on Friday, reaching $12.42. 281,910 shares of the company's stock were exchanged, compared to its average volume of 219,030. The company has a market capitalization of $234.24 million, a P/E ratio of -3.14 and a beta of 1.37. RE/MAX Holdings, Inc. has a 52 week low of $6.94 and a 52 week high of $14.53. The firm's 50-day moving average is $10.77 and its two-hundred day moving average is $9.10.

RE/MAX (NYSE:RMAX - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. RE/MAX had a negative net margin of 22.26% and a negative return on equity of 35.12%. The firm had revenue of $78.45 million for the quarter, compared to analyst estimates of $78.16 million. On average, analysts expect that RE/MAX Holdings, Inc. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on RMAX shares. StockNews.com upgraded shares of RE/MAX from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th. Stephens raised their price target on shares of RE/MAX from $9.00 to $10.50 and gave the company an "equal weight" rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.90.

Insider Buying and Selling

In other RE/MAX news, major shareholder Adam K. Peterson bought 26,000 shares of the firm's stock in a transaction dated Monday, July 1st. The stock was bought at an average cost of $8.03 per share, with a total value of $208,780.00. Following the completion of the transaction, the insider now directly owns 3,150,152 shares in the company, valued at approximately $25,295,720.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.99% of the stock is owned by company insiders.

RE/MAX Company 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.