American Century Companies Inc. Cuts Stock Holdings in RE/MAX Holdings, Inc. $RMAX

American Century Companies Inc. reduced its position in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 24.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 155,175 shares of the financial services provider's stock after selling 50,756 shares during the period. American Century Companies Inc. owned 0.82% of RE/MAX worth $1,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Magnolia Group LLC raised its stake in RE/MAX by 0.8% in the 1st quarter. Magnolia Group LLC now owns 3,247,929 shares of the financial services provider's stock valued at $27,185,000 after acquiring an additional 26,798 shares during the period. Dimensional Fund Advisors LP raised its holdings in 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 valued at $9,557,000 after acquiring an additional 178,599 shares during the period. Jacobs Levy Equity Management Inc. lifted 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 worth $3,275,000 after acquiring an additional 6,257 shares in the last quarter. Bridgeway Capital Management LLC lifted 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 worth $2,593,000 after acquiring an additional 59,477 shares in the last quarter. Finally, Northern Trust Corp lifted 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 worth $1,752,000 after acquiring an additional 1,572 shares in the last quarter. 93.17% of the stock is currently owned by institutional investors.

RE/MAX Price Performance

RMAX stock traded up $0.29 during mid-day trading on Friday, reaching $9.69. 272,212 shares of the company traded hands, compared to its average volume of 245,522. The company has a market capitalization of $193.99 million, a P/E ratio of 20.61 and a beta of 1.17. RE/MAX Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $14.31. The company has a fifty day moving average price of $8.51 and a 200-day moving average price of $8.24.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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.com, the company currently has an average rating of "Hold" and an average target price of $9.00.

About RE/MAX

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.