AQR Capital Management LLC Acquires 66,960 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

AQR Capital Management LLC grew its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 14.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 516,953 shares of the financial services provider's stock after buying an additional 66,960 shares during the quarter. AQR Capital Management LLC owned 2.83% of RE/MAX worth $4,187,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its stake in shares of RE/MAX by 767.5% in the 1st quarter. Blair William & Co. IL now owns 109,611 shares of the financial services provider's stock valued at $961,000 after purchasing an additional 96,976 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in RE/MAX during the 1st quarter worth approximately $572,000. Vanguard Group Inc. grew its position in shares of RE/MAX by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider's stock worth $9,838,000 after acquiring an additional 94,758 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings 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 acquiring an additional 151,036 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of RE/MAX by 46.2% during 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 acquiring an additional 334,290 shares in the last quarter. 93.17% of the stock is owned by institutional investors and hedge funds.

RE/MAX Price Performance

Shares of NYSE:RMAX traded down $0.03 on Friday, reaching $11.85. 236,351 shares of the company traded hands, compared to its average volume of 244,060. The company's 50 day moving average is $11.05 and its 200-day moving average is $9.25. The stock has a market capitalization of $223.49 million, a PE ratio of -3.00 and a beta of 1.36. RE/MAX Holdings, Inc. has a fifty-two week low of $6.94 and a fifty-two week high of $13.70.

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

Analyst Ratings Changes

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

About RE/MAX

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.