Dimensional Fund Advisors LP Has $6.27 Million Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Dimensional Fund Advisors LP lessened its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 19.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 773,925 shares of the financial services provider's stock after selling 186,735 shares during the period. Dimensional Fund Advisors LP owned 4.23% of RE/MAX worth $6,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC grew its position in shares of RE/MAX by 12.7% in the first quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider's stock valued at $114,000 after purchasing an additional 1,469 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in RE/MAX by 15.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 12,222 shares of the financial services provider's stock valued at $107,000 after buying an additional 1,644 shares in the last quarter. Rhumbline Advisers increased its position in RE/MAX by 7.6% during the 2nd quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider's stock worth $236,000 after buying an additional 2,054 shares during the period. Empowered Funds LLC lifted its holdings in shares of RE/MAX by 7.9% during the first quarter. Empowered Funds LLC now owns 50,524 shares of the financial services provider's stock worth $443,000 after buying an additional 3,687 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of RE/MAX by 19,729.6% in the second quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 5,327 shares during the period. Institutional investors and hedge funds own 93.17% of the company's stock.

RE/MAX Trading Down 1.5 %

RMAX stock traded down $0.17 during mid-day trading on Wednesday, hitting $11.54. The stock had a trading volume of 200,045 shares, compared to its average volume of 272,148. The firm has a fifty day simple moving average of $11.18 and a 200 day simple moving average of $9.32. The firm has a market capitalization of $210.91 million, a P/E ratio of -2.92 and a beta of 1.36. RE/MAX Holdings, Inc. has a 52 week low of $6.94 and a 52 week high of $13.70.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $78.45 million for the quarter, compared to analyst estimates of $78.16 million. As a group, equities analysts expect that RE/MAX Holdings, Inc. will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.