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

Bridgeway Capital Management LLC grew its position 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 SEC. 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 about 1.29% of RE/MAX worth $2,593,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of RE/MAX by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 151,779 shares of the financial services provider's stock valued at $1,619,000 after purchasing an additional 1,092 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of RE/MAX by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,887 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 1,154 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in RE/MAX by 31.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 1,336 shares during the last quarter. Northern Trust Corp lifted its holdings in RE/MAX by 1.0% in the fourth quarter. Northern Trust Corp now owns 164,217 shares of the financial services provider's stock valued at $1,752,000 after acquiring an additional 1,572 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in RE/MAX by 6.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 26,178 shares of the financial services provider's stock worth $279,000 after purchasing an additional 1,662 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors.

RE/MAX Stock Down 2.9%

RMAX traded down $0.23 during midday trading on Wednesday, reaching $7.70. The company had a trading volume of 114,455 shares, compared to its average volume of 203,103. The business has a 50-day moving average of $8.01 and a two-hundred day moving average of $9.93. The company has a market cap of $146.17 million, a P/E ratio of 22.00 and a beta of 1.20. RE/MAX Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $14.31.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.10). RE/MAX had a negative return on equity of 38.69% and a net margin of 2.32%. The firm had revenue of $72.47 million during the quarter, compared to the consensus estimate of $74.34 million. On average, equities research analysts predict that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

RMAX has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their price objective on shares of RE/MAX from $10.00 to $9.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. StockNews.com raised shares of RE/MAX from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 27th.

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.