Squarepoint Ops LLC Takes $253,000 Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Squarepoint Ops LLC bought a new position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,269 shares of the financial services provider’s stock, valued at approximately $253,000. Squarepoint Ops LLC owned 0.17% of RE/MAX as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RMAX. Assenagon Asset Management S.A. acquired a new position in shares of RE/MAX in the 2nd quarter valued at about $1,778,000. Jacobs Levy Equity Management Inc. boosted its position in RE/MAX by 107.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 291,855 shares of the financial services provider’s stock worth $2,560,000 after purchasing an additional 151,036 shares in the last quarter. Blair William & Co. IL grew its stake in shares of RE/MAX by 767.5% during the 1st quarter. Blair William & Co. IL now owns 109,611 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 96,976 shares during the period. Vanguard Group Inc. increased its holdings in shares of RE/MAX by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock valued at $9,838,000 after purchasing an additional 94,758 shares in the last quarter. Finally, Magnolia Group LLC grew its position in RE/MAX by 2.8% during the second quarter. Magnolia Group LLC now owns 3,124,152 shares of the financial services provider’s stock valued at $25,306,000 after buying an additional 86,309 shares during the period. Hedge funds and other institutional investors own 93.17% of the company’s stock.

RE/MAX Stock Up 3.7 %

RMAX stock opened at $11.96 on Friday. RE/MAX Holdings, Inc. has a 52 week low of $6.94 and a 52 week high of $13.70. The firm has a 50-day simple moving average of $11.28 and a 200-day simple moving average of $9.38. The stock has a market capitalization of $218.58 million, a P/E ratio of -3.03 and a beta of 1.36.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. RE/MAX had a negative return on equity of 35.12% and a negative net margin of 22.26%. The company had revenue of $78.45 million during the quarter, compared to analyst estimates of $78.16 million. On average, analysts expect that RE/MAX Holdings, Inc. will post 0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RMAX. StockNews.com upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Stephens upped their price target on RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, RE/MAX presently has an average rating of “Hold” and a consensus target price of $11.90.

About RE/MAX

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.