RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,178 shares of the financial services provider’s stock after purchasing an additional 1,662 shares during the period. Exchange Traded Concepts LLC owned 0.14% of RE/MAX worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in RE/MAX during the second quarter worth approximately $253,000. AQR Capital Management LLC boosted its holdings in shares of RE/MAX by 14.9% during the second quarter. AQR Capital Management LLC now owns 516,953 shares of the financial services provider’s stock worth $4,187,000 after purchasing an additional 66,960 shares during the last quarter. Algert Global LLC grew its holdings in RE/MAX by 21.3% in the 2nd quarter. Algert Global LLC now owns 18,287 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,217 shares during the period. SG Americas Securities LLC acquired a new position in shares of RE/MAX during the 3rd quarter valued at about $147,000. Finally, nVerses Capital LLC lifted its holdings in shares of RE/MAX by 566.7% during the 3rd quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,700 shares during the period. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RE/MAX

In other RE/MAX news, major shareholder Adam K. Peterson purchased 27,366 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $10.96 per share, for a total transaction of $299,931.36. Following the completion of the purchase, the insider now owns 3,178,040 shares in the company, valued at $34,831,318.40. The trade was a 0.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have bought 97,255 shares of company stock valued at $1,029,363. Corporate insiders own 5.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. One research analyst has 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.17.

RE/MAX Stock Performance

NYSE RMAX opened at $9.98 on Friday. RE/MAX Holdings, Inc. has a one year low of $6.94 and a one year high of $14.31. The company’s 50 day moving average price is $11.18 and its 200 day moving average price is $11.21. The firm has a market capitalization of $188.38 million, a price-to-earnings ratio of -18.49 and a beta of 1.38.

RE/MAX (NYSE:RMAX) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.16). The company had revenue of $78.48 million for the quarter, compared to analyst estimates of $78.64 million. RE/MAX had a negative return on equity of 35.76% and a negative net margin of 3.08%. During the same quarter in the prior year, the firm earned $0.25 EPS. Sell-side analysts forecast that RE/MAX Holdings, Inc. will post 0.84 EPS for the current fiscal year.

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.