Metis Global Partners LLC Makes New Investment in RE/MAX Holdings, Inc. (NYSE:RMAX)

Metis Global Partners LLC bought a new stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,516 shares of the financial services provider’s stock, valued at approximately $156,000. Metis Global Partners LLC owned approximately 0.07% of RE/MAX as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Blair William & Co. IL increased its position in 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 valued at $961,000 after buying an additional 96,976 shares in the last quarter. Vanguard Group Inc. raised its position in shares of RE/MAX by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock worth $9,838,000 after purchasing an additional 94,758 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake 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. Magnolia Group LLC grew its position in RE/MAX by 2.8% during the 2nd quarter. Magnolia Group LLC now owns 3,124,152 shares of the financial services provider’s stock valued at $25,306,000 after purchasing an additional 86,309 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in RE/MAX during the 2nd quarter valued at about $1,778,000. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RMAX shares. StockNews.com downgraded shares of RE/MAX from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Stephens upped their price objective on RE/MAX from $9.00 to $10.50 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.38.

RE/MAX Stock Up 4.1 %

Shares of RE/MAX stock opened at $11.41 on Wednesday. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $13.70. The company has a market cap of $215.31 million, a price-to-earnings ratio of -21.13 and a beta of 1.36. The company’s 50 day moving average is $12.07 and its 200 day moving average is $10.22.

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.