Bridgeway Capital Management LLC Raises Holdings in RE/MAX Holdings, Inc. (NYSE:RMAX)

Bridgeway Capital Management LLC lifted its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 32.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 242,995 shares of the financial services provider's stock after acquiring an additional 59,477 shares during the period. Bridgeway Capital Management LLC owned 1.29% of RE/MAX worth $2,593,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RMAX. Magnolia Group LLC grew its position in RE/MAX by 2.2% during the fourth quarter. Magnolia Group LLC now owns 3,221,131 shares of the financial services provider's stock valued at $34,369,000 after buying an additional 70,457 shares during the period. Capital World Investors boosted its holdings in RE/MAX by 736.3% in the 4th quarter. Capital World Investors now owns 1,500,000 shares of the financial services provider's stock valued at $16,005,000 after purchasing an additional 1,320,628 shares during the period. Dimensional Fund Advisors LP increased its stake in RE/MAX by 24.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 895,668 shares of the financial services provider's stock worth $9,557,000 after acquiring an additional 178,599 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of RE/MAX by 2.5% during the 4th quarter. Renaissance Technologies LLC now owns 808,369 shares of the financial services provider's stock valued at $8,625,000 after acquiring an additional 19,969 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of RE/MAX by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 423,443 shares of the financial services provider's stock worth $4,519,000 after buying an additional 7,652 shares during the last quarter. Institutional investors and hedge funds own 93.17% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on RMAX. StockNews.com raised shares of RE/MAX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods cut their price target on shares of RE/MAX from $10.00 to $9.00 and set a "market perform" rating on the stock in a report on Monday, April 28th.

RE/MAX Price Performance

Shares of RMAX traded up $0.25 on Monday, reaching $7.93. The company's stock had a trading volume of 211,081 shares, compared to its average volume of 204,592. The stock's 50 day simple moving average is $8.04 and its two-hundred day simple moving average is $9.97. The stock has a market capitalization of $150.54 million, a P/E ratio of 22.66 and a beta of 1.20. RE/MAX Holdings, Inc. has a 12-month low of $6.90 and a 12-month high of $14.31.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its earnings results on Thursday, February 20th. The financial services provider reported $0.19 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 the consensus estimate of $74.34 million. Analysts expect that RE/MAX Holdings, Inc. will post 0.89 earnings per share for the current year.

RE/MAX 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.