RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Sold by River Global Investors LLP

River Global Investors LLP trimmed its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 46.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 101,563 shares of the financial services provider’s stock after selling 87,350 shares during the quarter. River Global Investors LLP’s holdings in RE/MAX were worth $1,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Metis Global Partners LLC bought a new position in shares of RE/MAX during the 3rd quarter valued at about $156,000. Empowered Funds LLC lifted its stake in RE/MAX by 5.2% during the third quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 2,814 shares during the last quarter. Quest Partners LLC bought a new stake in RE/MAX during the third quarter worth approximately $106,000. Connor Clark & Lunn Investment Management Ltd. grew its position in RE/MAX by 229.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 354,651 shares of the financial services provider’s stock worth $4,415,000 after buying an additional 247,131 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of RE/MAX in the third quarter valued at $193,000. 93.17% of the stock is owned by institutional investors.

Insider Activity

In other RE/MAX news, major shareholder Adam K. Peterson purchased 11,798 shares of the stock in a transaction dated Friday, January 10th. The shares were acquired 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 owns 3,247,929 shares of the company’s stock, valued at $31,310,035.56. This represents a 0.36 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 69,889 shares of company stock worth $729,432 over the last quarter. Corporate insiders own 5.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

RE/MAX Trading Down 2.5 %

NYSE RMAX opened at $8.41 on Friday. RE/MAX Holdings, Inc. has a 1 year low of $6.94 and a 1 year high of $14.31. The company has a market cap of $159.59 million, a PE ratio of 24.02 and a beta of 1.37. The stock’s 50-day moving average price is $9.93 and its two-hundred day moving average price is $11.26.

RE/MAX (NYSE:RMAX) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.19 earnings per share (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 for the quarter, compared to analyst estimates of $74.34 million. Research analysts forecast that RE/MAX Holdings, Inc. will post 0.89 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.