RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. boosted its stake in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 101.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,762 shares of the financial services provider's stock after purchasing an additional 107,207 shares during the quarter. Prudential Financial Inc. owned about 1.13% of RE/MAX worth $2,270,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its position in RE/MAX by 31.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider's stock valued at $60,000 after buying an additional 1,336 shares in the last quarter. AlphaQuest LLC raised its stake in shares of RE/MAX by 39.2% in the 4th quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 3,329 shares during the period. Quantinno Capital Management LP acquired a new position in shares of RE/MAX during the 3rd quarter valued at $135,000. Paloma Partners Management Co purchased a new stake in RE/MAX during the 3rd quarter worth $143,000. Finally, XTX Topco Ltd acquired a new stake in RE/MAX in the 3rd quarter valued at $145,000. Institutional investors and hedge funds own 93.17% of the company's stock.

RE/MAX Stock Down 3.6 %

Shares of NYSE RMAX traded down $0.27 during trading on Tuesday, reaching $7.25. 155,555 shares of the stock were exchanged, compared to its average volume of 220,285. The company has a market capitalization of $137.63 million, a price-to-earnings ratio of 20.71 and a beta of 1.25. The business's 50-day moving average price is $9.10 and its 200 day moving average price is $10.73. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $14.31.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.10). RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. The firm had revenue of $72.47 million during the quarter, compared to analysts' expectations of $74.34 million. As a group, sell-side analysts expect that RE/MAX Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson acquired 11,798 shares of the firm's stock in a transaction on Friday, January 10th. The stock was bought at an average cost of $9.64 per share, with a total value of $113,732.72. Following the acquisition, the insider now directly owns 3,247,929 shares in the company, valued at approximately $31,310,035.56. The trade was a 0.36 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded RE/MAX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 27th.

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.