D. E. Shaw & Co. Inc. Sells 52,740 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

D. E. Shaw & Co. Inc. trimmed its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 3.45% of RE/MAX worth $6,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RMAX. Harbor Capital Advisors Inc. grew 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 purchasing an additional 1,336 shares in the last quarter. Martingale Asset Management L P acquired a new position in RE/MAX during the 4th quarter valued at $110,000. Wells Fargo & Company MN raised its stake in RE/MAX by 27.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider's stock valued at $113,000 after purchasing an additional 2,286 shares during the last quarter. AlphaQuest LLC raised its stake in RE/MAX by 39.2% during the 4th quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider's stock valued at $126,000 after purchasing an additional 3,329 shares during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new position in RE/MAX during the 4th quarter valued at $136,000. 93.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RMAX shares. Keefe, Bruyette & Woods lowered their target price 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. StockNews.com upgraded shares of RE/MAX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 27th.

Insider Transactions at RE/MAX

In other RE/MAX news, EVP Abigail C. Lee sold 10,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $7.78, for a total transaction of $77,800.00. Following the transaction, the executive vice president now owns 151,874 shares in the company, valued at approximately $1,181,579.72. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company's stock.

RE/MAX Stock Down 1.7%

Shares of NYSE RMAX traded down $0.13 during mid-day trading on Monday, reaching $7.64. 156,862 shares of the company were exchanged, compared to its average volume of 203,239. The company's 50-day simple moving average is $7.96 and its 200-day simple moving average is $9.81. The stock has a market capitalization of $145.03 million, a P/E ratio of 21.83 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 released its earnings results on Thursday, February 20th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.10). The firm had revenue of $72.47 million during the quarter, compared to the consensus estimate of $74.34 million. RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. As a group, equities research analysts expect that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

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.