Capital World Investors Acquires 1,320,628 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

Capital World Investors boosted its position in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 736.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,500,000 shares of the financial services provider's stock after acquiring an additional 1,320,628 shares during the quarter. Capital World Investors owned 7.95% of RE/MAX worth $16,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in RE/MAX by 24.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 895,668 shares of the financial services provider's stock valued at $9,557,000 after acquiring an additional 178,599 shares during the last quarter. Marshall Wace LLP increased its stake in RE/MAX by 48.4% in the fourth quarter. Marshall Wace LLP now owns 81,159 shares of the financial services provider's stock valued at $866,000 after acquiring an additional 26,480 shares during the last quarter. Barclays PLC increased its stake in RE/MAX by 11.5% in the fourth quarter. Barclays PLC now owns 28,911 shares of the financial services provider's stock valued at $308,000 after acquiring an additional 2,978 shares during the last quarter. Martingale Asset Management L P bought a new position in RE/MAX in the fourth quarter valued at approximately $110,000. Finally, Renaissance Technologies LLC increased its stake in RE/MAX by 2.5% in the fourth 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. 93.17% of the stock is owned by institutional investors.

RE/MAX Stock Up 0.8 %

Shares of NYSE RMAX traded up $0.06 during midday trading on Friday, reaching $7.45. 91,915 shares of the company were exchanged, compared to its average volume of 212,882. The stock's 50-day moving average price is $8.33 and its 200-day moving average price is $10.27. The stock has a market cap of $141.42 million, a P/E ratio of 21.29 and a beta of 1.25. RE/MAX Holdings, Inc. has a one year low of $6.90 and a one year 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.10). The company had revenue of $72.47 million for the quarter, compared to the consensus estimate of $74.34 million. RE/MAX had a negative return on equity of 38.69% and a net margin of 2.32%. On average, equities research analysts anticipate that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of RE/MAX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 27th.

RE/MAX Company 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.