D. E. Shaw & Co. Inc. Has $6.96 Million Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

D. E. Shaw & Co. Inc. cut its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 7.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 651,781 shares of the financial services provider's stock after selling 52,740 shares during the period. D. E. Shaw & Co. Inc. owned about 3.45% of RE/MAX worth $6,955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors increased its position in RE/MAX by 736.3% during the fourth quarter. Capital World Investors now owns 1,500,000 shares of the financial services provider's stock worth $16,005,000 after buying an additional 1,320,628 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of RE/MAX by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 895,668 shares of the financial services provider's stock worth $9,557,000 after purchasing an additional 178,599 shares in the last quarter. Prudential Financial Inc. boosted its stake in RE/MAX by 101.6% during the fourth quarter. Prudential Financial Inc. now owns 212,762 shares of the financial services provider's stock worth $2,270,000 after buying an additional 107,207 shares in the last quarter. Norges Bank acquired a new stake in shares of RE/MAX during the 4th quarter valued at about $1,058,000. Finally, JPMorgan Chase & Co. grew its stake in shares of RE/MAX by 145.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 120,247 shares of the financial services provider's stock valued at $1,497,000 after purchasing an additional 71,215 shares during the period. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

RE/MAX Stock Performance

NYSE:RMAX traded down $0.11 during mid-day trading on Wednesday, hitting $7.43. The stock had a trading volume of 29,495 shares, compared to its average volume of 145,528. The company's 50 day simple moving average is $7.93 and its 200 day simple moving average is $9.77. The stock has a market cap of $141.04 million, a price-to-earnings ratio of 21.23 and a beta of 1.20. RE/MAX Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $14.31.

RE/MAX (NYSE:RMAX - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $72.47 million during the quarter, compared to analyst estimates of $74.34 million. As a group, equities analysts forecast that RE/MAX Holdings, Inc. will post 0.89 earnings per share for the current year.

Insider Activity at RE/MAX

In other RE/MAX news, EVP Abigail C. Lee sold 10,000 shares of RE/MAX stock in a transaction on Friday, May 16th. The stock was sold at an average price of $7.78, for a total value of $77,800.00. Following the completion of the transaction, the executive vice president now directly owns 151,874 shares of the company's stock, valued at $1,181,579.72. The trade was a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of RE/MAX from $10.00 to $9.00 and set a "market perform" rating for the company in a report on Monday, April 28th. StockNews.com downgraded RE/MAX from a "strong-buy" rating to a "buy" rating in a report on Tuesday.

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.