60,073 Shares in RE/MAX Holdings, Inc. (NYSE:RMAX) Purchased by Axa S.A.

AXA S.A. bought a new stake in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,073 shares of the financial services provider's stock, valued at approximately $487,000. AXA S.A. owned 0.33% of RE/MAX as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RMAX. Magnolia Group LLC increased its stake in shares of RE/MAX by 2.8% in the 2nd quarter. Magnolia Group LLC now owns 3,124,152 shares of the financial services provider's stock valued at $25,306,000 after acquiring an additional 86,309 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of RE/MAX by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider's stock worth $9,838,000 after purchasing an additional 94,758 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of RE/MAX by 46.2% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,057,780 shares of the financial services provider's stock valued at $14,100,000 after buying an additional 334,290 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of RE/MAX by 107.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 291,855 shares of the financial services provider's stock valued at $2,560,000 after buying an additional 151,036 shares during the period. Finally, Russell Investments Group Ltd. increased its position in RE/MAX by 17.2% in the 1st quarter. Russell Investments Group Ltd. now owns 227,103 shares of the financial services provider's stock valued at $1,992,000 after buying an additional 33,351 shares in the last quarter. Institutional investors own 93.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

RE/MAX Stock Down 0.5 %

NYSE:RMAX traded down $0.06 during trading hours on Wednesday, hitting $12.43. 162,591 shares of the company traded hands, compared to its average volume of 273,075. The company has a market cap of $234.43 million, a PE ratio of -3.16 and a beta of 1.37. The firm's 50-day simple moving average is $10.89 and its 200-day simple moving average is $9.17. RE/MAX Holdings, Inc. has a one year low of $6.94 and a one year high of $13.70.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 EPS 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 during the quarter, compared to analyst estimates of $78.16 million. As a group, equities research analysts expect that RE/MAX Holdings, Inc. will post 0.75 EPS for the current year.

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.