Martingale Asset Management L P Buys 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 lifted its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 351.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,714 shares of the financial services provider's stock after buying an additional 36,373 shares during the period. Martingale Asset Management L P owned approximately 0.25% of RE/MAX worth $391,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Magnolia Group LLC boosted its position in shares of RE/MAX by 0.8% during the first quarter. Magnolia Group LLC now owns 3,247,929 shares of the financial services provider's stock valued at $27,185,000 after buying an additional 26,798 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RE/MAX by 24.9% during 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 buying an additional 178,599 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of RE/MAX by 2.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 306,924 shares of the financial services provider's stock valued at $3,275,000 after buying an additional 6,257 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of RE/MAX by 32.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 242,995 shares of the financial services provider's stock valued at $2,593,000 after buying an additional 59,477 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of RE/MAX by 1.0% during the fourth quarter. Northern Trust Corp now owns 164,217 shares of the financial services provider's stock valued at $1,752,000 after buying an additional 1,572 shares during the last quarter. 93.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

RE/MAX Stock Up 0.8%

NYSE:RMAX traded up $0.08 on Friday, hitting $9.44. The stock had a trading volume of 152,769 shares, compared to its average volume of 274,282. The stock has a market cap of $188.98 million, a price-to-earnings ratio of 20.07 and a beta of 1.17. The business's 50-day simple moving average is $8.43 and its two-hundred day simple moving average is $8.24. RE/MAX Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $14.31.

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.