RE/MAX Holdings, Inc. $RMAX Stock Holdings Decreased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors cut its RE/MAX stake by 12.1% in the first quarter, selling 108,684 shares. It still held 787,504 shares, representing 3.91% of the company, while institutional investors collectively owned 93.17%.
• Analyst sentiment remains mixed: JonesTrading upgraded RE/MAX to “buy” with a $13.80 price target, while Weiss Ratings maintained a “sell” rating. The overall consensus is “hold.”
• RE/MAX reported quarterly EPS of $0.32, below the $0.37 estimate, while revenue of $51.72 million significantly missed expectations of $72.80 million. The stock opened at $12.33, near its 52-week high of $12.53.

Dimensional Fund Advisors LP lowered its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 12.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 787,504 shares of the financial services provider's stock after selling 108,684 shares during the quarter. Dimensional Fund Advisors LP owned 3.91% of RE/MAX worth $4,536,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RMAX. Strs Ohio purchased a new position in RE/MAX during the 1st quarter worth approximately $30,000. IFC & Insurance Marketing Inc. acquired a new stake in RE/MAX during the 4th quarter valued at $76,000. Sei Investments Co. purchased a new stake in shares of RE/MAX in the second quarter valued at $86,000. Squarepoint Ops LLC purchased a new stake in shares of RE/MAX in the third quarter valued at $127,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of RE/MAX in the second quarter valued at $110,000. Hedge funds and other institutional investors own 93.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of RE/MAX in a report on Friday, July 24th. JonesTrading raised RE/MAX from a "hold" rating to a "buy" rating and set a $13.80 price objective for the company in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.80.

RE/MAX Stock Performance

NYSE:RMAX opened at $12.33 on Thursday. The stock's 50 day moving average price is $10.19 and its 200 day moving average price is $8.40. RE/MAX Holdings, Inc. has a 52 week low of $5.46 and a 52 week high of $12.53. The company has a market capitalization of $261.77 million, a P/E ratio of -29.36 and a beta of 1.82.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its earnings results on Thursday, August 6th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.05). The business had revenue of $51.72 million during the quarter, compared to analyst estimates of $72.80 million. RE/MAX had a negative net margin of 3.04% and a negative return on equity of 81.65%.

RE/MAX Company Profile

RE/MAX Holdings, Inc NYSE: RMAX is a global franchisor of real estate brokerage services, offering residential and commercial property transaction support through a network of independently owned and operated offices. The company provides marketing, training, technology platforms and brand recognition for its affiliated agents, facilitating property buying, selling and leasing activities. In addition to core brokerage services, RE/MAX offers ancillary solutions such as mortgage referral, title and escrow coordination, relocation assistance and luxury market specialization.

Established in 1973 by David and Gail Liniger in Denver, Colorado, RE/MAX pioneered a high-commission, agent-driven model designed to attract experienced real estate professionals.

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