Algert Global LLC Has $148,000 Stock Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Algert Global LLC raised its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 21.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,287 shares of the financial services provider’s stock after acquiring an additional 3,217 shares during the period. Algert Global LLC’s holdings in RE/MAX were worth $148,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. G2 Investment Partners Management LLC bought a new position in shares of RE/MAX in the fourth quarter valued at $1,000,000. BNP Paribas Financial Markets increased its holdings in RE/MAX by 114.2% during the 1st quarter. BNP Paribas Financial Markets now owns 36,368 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 19,393 shares in the last quarter. Patron Partners LLC purchased a new stake in shares of RE/MAX in the first quarter worth approximately $93,000. Empowered Funds LLC lifted its holdings in shares of RE/MAX by 7.9% in the first quarter. Empowered Funds LLC now owns 50,524 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 3,687 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in RE/MAX by 12.7% during the first quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,469 shares in the last quarter. 93.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stephens raised their price objective on RE/MAX from $9.00 to $10.50 and gave the company an “equal weight” rating in a research note 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 research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.90.

RE/MAX Stock Performance

Shares of NYSE:RMAX opened at $11.53 on Friday. The firm has a fifty day moving average of $11.23 and a 200 day moving average of $9.34. RE/MAX Holdings, Inc. has a 52-week low of $6.94 and a 52-week high of $13.70. The firm has a market capitalization of $217.46 million, a PE ratio of -2.92 and a beta of 1.36.

RE/MAX (NYSE:RMAX) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $78.45 million for the quarter, compared to analysts’ expectations of $78.16 million. RE/MAX had a negative return on equity of 35.12% and a negative net margin of 22.26%. On average, sell-side analysts forecast that RE/MAX Holdings, Inc. will post 0.75 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.