RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 56.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,916 shares of the financial services provider's stock after selling 116,125 shares during the period. Nuveen Asset Management LLC owned about 0.47% of RE/MAX worth $938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Magnolia Group LLC increased its stake in shares of RE/MAX by 2.2% in the fourth quarter. Magnolia Group LLC now owns 3,221,131 shares of the financial services provider's stock worth $34,369,000 after buying an additional 70,457 shares during the last quarter. Capital World Investors increased its stake in shares of RE/MAX by 736.3% in 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 increased its stake in shares of 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 worth $9,557,000 after buying an additional 178,599 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of RE/MAX by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 808,369 shares of the financial services provider's stock worth $8,625,000 after buying an additional 19,969 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of RE/MAX by 1.8% in the fourth 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. 93.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Abigail C. Lee sold 10,000 shares of the business'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 completion of the transaction, the executive vice president now owns 151,874 shares of the company's stock, valued at approximately $1,181,579.72. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of RE/MAX from $10.00 to $9.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Wall Street Zen downgraded shares of RE/MAX from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th.

RE/MAX Trading Up 3.5%

RE/MAX stock traded up $0.27 during mid-day trading on Friday, reaching $7.88. The company's stock had a trading volume of 136,226 shares, compared to its average volume of 197,893. The firm has a market cap of $157.09 million, a price-to-earnings ratio of 22.51 and a beta of 1.17. The business has a 50 day moving average price of $7.57 and a 200-day moving average price of $9.37. RE/MAX Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $14.31.

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.