Martingale Asset Management L P Acquires 36,373 Shares of RE/MAX Holdings, Inc. $RMAX

Key Points

• Martingale Asset Management L P has increased its holdings in RE/MAX Holdings, Inc. by 351.7% during the first quarter, owning approximately 0.25% of the company valued at $391,000.
• Analysts have revised their ratings for RE/MAX, with Keefe, Bruyette & Woods lowering the target price from $10.00 to $9.00 and setting a "market perform" rating.
• RE/MAX's stock is currently experiencing volatility with a market capitalization of $189.38 million and fluctuating between a 1-year low of $6.90 and a 1-year high of $14.31.

Martingale Asset Management L P boosted its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 351.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,714 shares of the financial services provider's stock after purchasing an additional 36,373 shares during the quarter. Martingale Asset Management L P owned 0.25% of RE/MAX worth $391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RMAX. Wells Fargo & Company MN raised its stake in RE/MAX by 27.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider's stock worth $113,000 after purchasing an additional 2,286 shares in the last quarter. Barclays PLC raised its stake in RE/MAX by 11.5% in the 4th quarter. Barclays PLC now owns 28,911 shares of the financial services provider's stock worth $308,000 after purchasing an additional 2,978 shares in the last quarter. Marshall Wace LLP raised its stake in RE/MAX by 48.4% in the 4th quarter. Marshall Wace LLP now owns 81,159 shares of the financial services provider's stock worth $866,000 after purchasing an additional 26,480 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in RE/MAX by 24.9% in 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. Finally, Price T Rowe Associates Inc. MD increased its holdings in RE/MAX by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,887 shares of the financial services provider's stock valued at $266,000 after buying an additional 1,154 shares during the period. Institutional investors and hedge funds own 93.17% of the company's stock.

RE/MAX Trading Down 0.1%

RMAX traded down $0.01 during trading on Thursday, reaching $9.36. 142,131 shares of the company's stock were exchanged, compared to its average volume of 292,966. RE/MAX Holdings, Inc. has a one year low of $6.90 and a one year high of $14.31. The stock has a market capitalization of $187.48 million, a PE ratio of 19.92 and a beta of 1.17. The firm has a fifty day moving average price of $8.41 and a two-hundred day moving average price of $8.27.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of RE/MAX from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $9.00.

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.