Assenagon Asset Management S.A. Boosts Stake in RE/MAX Holdings, Inc. (NYSE:RMAX)

Assenagon Asset Management S.A. raised its position in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 138.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 524,188 shares of the financial services provider's stock after acquiring an additional 304,694 shares during the period. Assenagon Asset Management S.A. owned approximately 2.78% of RE/MAX worth $6,526,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in RE/MAX by 12.7% in the 1st quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider's stock valued at $114,000 after acquiring an additional 1,469 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of RE/MAX by 15.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 12,222 shares of the financial services provider's stock valued at $107,000 after purchasing an additional 1,644 shares during the last quarter. nVerses Capital LLC lifted its position in shares of RE/MAX by 566.7% during the third quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 1,700 shares in the last quarter. Rhumbline Advisers boosted its holdings in RE/MAX by 7.6% during the second quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider's stock worth $236,000 after purchasing an additional 2,054 shares during the last quarter. Finally, Algert Global LLC grew its position in RE/MAX by 21.3% in the 2nd quarter. Algert Global LLC now owns 18,287 shares of the financial services provider's stock worth $148,000 after purchasing an additional 3,217 shares in the last quarter. 93.17% of the stock is owned by institutional investors and hedge funds.

RE/MAX Stock Performance

NYSE RMAX traded down $0.16 on Tuesday, hitting $12.18. 137,444 shares of the stock traded hands, compared to its average volume of 268,240. The firm has a market capitalization of $229.71 million, a price-to-earnings ratio of -3.12 and a beta of 1.36. The business's fifty day moving average is $11.87 and its two-hundred day moving average is $9.69. RE/MAX Holdings, Inc. has a 12 month low of $6.94 and a 12 month high of $13.70.

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, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $78.45 million during the quarter, compared to analyst estimates of $78.16 million. RE/MAX had a negative return on equity of 35.12% and a negative net margin of 22.26%. Analysts expect that RE/MAX Holdings, Inc. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Stephens lifted their target price 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 raised 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 issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, RE/MAX presently has an average rating of "Hold" and an average price target of $11.90.

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.