ClariVest Asset Management LLC increased its stake in RE/MAX Holdings Inc. (NYSE:RMAX) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,600 shares of the company’s stock after buying an additional 1,000 shares during the period. ClariVest Asset Management LLC’s holdings in RE/MAX Holdings were worth $1,030,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Boothbay Fund Management LLC bought a new stake in shares of RE/MAX Holdings during the first quarter valued at approximately $226,000. Barclays PLC bought a new stake in shares of RE/MAX Holdings during the first quarter valued at approximately $663,000. Jacobs Levy Equity Management Inc. raised its stake in shares of RE/MAX Holdings by 64.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 58,391 shares of the company’s stock valued at $2,003,000 after buying an additional 22,921 shares during the last quarter. Harvest Capital Strategies LLC bought a new stake in shares of RE/MAX Holdings during the first quarter valued at approximately $197,000. Finally, Renaissance Technologies LLC raised its stake in shares of RE/MAX Holdings by 6.4% in the first quarter. Renaissance Technologies LLC now owns 427,800 shares of the company’s stock valued at $14,674,000 after buying an additional 25,600 shares during the last quarter.
RE/MAX Holdings Inc. (NYSE:RMAX) traded down 0.49% during midday trading on Friday, hitting $42.28. 114,463 shares of the stock were exchanged. RE/MAX Holdings Inc. has a one year low of $30.22 and a one year high of $44.60. The firm has a 50-day moving average price of $42.67 and a 200-day moving average price of $40.35. The stock has a market cap of $746.03 million, a P/E ratio of 31.39 and a beta of 0.87.
RE/MAX Holdings (NYSE:RMAX) last released its earnings results on Thursday, August 4th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. RE/MAX Holdings had a return on equity of 98.41% and a net margin of 11.87%. The company earned $43.40 million during the quarter, compared to the consensus estimate of $40.31 million. During the same quarter last year, the company earned $0.47 earnings per share. RE/MAX Holdings’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that RE/MAX Holdings Inc. will post $3.80 EPS for the current fiscal year.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of RE/MAX Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Keefe, Bruyette & Woods upped their target price on shares of RE/MAX Holdings from $34.00 to $41.00 and gave the stock a “market perform” rating in a report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.67.
RE/MAX Holdings Company Profile
RE/MAX Holdings, Inc is a franchisor of real estate brokerage services. The Company is engaged in the business of recruiting and retaining agents, and selling franchises. The Company operates in two segments: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the operations of its owned and independent global franchising operations, and corporate-wide professional services expenses.
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