Short Interest in RE/MAX Holdings, Inc. (NYSE:RMAX) Increases By 16.2%

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 497,400 shares, an increase of 16.2% from the February 13th total of 428,000 shares. Based on an average daily volume of 141,300 shares, the short-interest ratio is currently 3.5 days. Currently, 3.2% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of RE/MAX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday.

Insider Activity at RE/MAX

In other RE/MAX news, major shareholder Adam K. Peterson bought 11,798 shares of RE/MAX stock in a transaction dated Friday, January 10th. The stock was bought at an average price of $9.64 per share, for a total transaction of $113,732.72. Following the completion of the acquisition, the insider now directly owns 3,247,929 shares of the company's stock, valued at approximately $31,310,035.56. This trade represents a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 40,434 shares of company stock valued at $410,729 over the last ninety days. Insiders own 5.99% of the company's stock.

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Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its position in RE/MAX by 31.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider's stock worth $60,000 after purchasing an additional 1,336 shares during the period. State of Wyoming acquired a new stake in shares of RE/MAX during the 4th quarter valued at about $91,000. Quest Partners LLC acquired a new position in RE/MAX in the third quarter worth about $106,000. Martingale Asset Management L P bought a new position in RE/MAX during the fourth quarter worth about $110,000. Finally, Wells Fargo & Company MN boosted its holdings in RE/MAX by 27.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider's stock valued at $113,000 after purchasing an additional 2,286 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company's stock.

RE/MAX Price Performance

NYSE:RMAX traded down $0.31 during trading hours on Friday, reaching $8.87. The company's stock had a trading volume of 266,672 shares, compared to its average volume of 223,246. The company has a market cap of $168.38 million, a price-to-earnings ratio of 25.34 and a beta of 1.32. The business's 50-day moving average is $9.57 and its 200-day moving average is $11.05. RE/MAX has a one year low of $6.94 and a one year high of $14.31.

RE/MAX (NYSE:RMAX - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.19 EPS 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 the consensus estimate of $74.34 million. On average, sell-side analysts predict that RE/MAX will post 0.89 EPS for the current fiscal 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.