Russell Investments Group Ltd. Has $1.36 Million Stock Holdings in RE/MAX Holdings, Inc. $RMAX

Key Points

• Russell Investments Group Ltd. reduced its stake in RE/MAX Holdings, selling 29,886 shares, resulting in a total ownership of 162,740 shares, approximately 0.86% of the company.
• Several institutional investors are actively adjusting their stakes in RE/MAX, with notable increases from Wells Fargo & Company and GAMMA Investing LLC.
• Wall Street analysts have downgraded RE/MAX's stock rating from "buy" to "hold," with a current average target price of $9.00.

Russell Investments Group Ltd. decreased its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 15.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,740 shares of the financial services provider's stock after selling 29,886 shares during the period. Russell Investments Group Ltd. owned about 0.86% of RE/MAX worth $1,362,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. State of Wyoming bought a new position in shares of RE/MAX during the fourth quarter worth approximately $91,000. Wells Fargo & Company MN increased its stake in shares of RE/MAX by 27.5% during the fourth 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 during the period. GAMMA Investing LLC increased its stake in shares of RE/MAX by 913.8% during the first quarter. GAMMA Investing LLC now owns 15,978 shares of the financial services provider's stock worth $134,000 after purchasing an additional 14,402 shares during the period. Victory Capital Management Inc. bought a new position in shares of RE/MAX during the first quarter worth approximately $148,000. Finally, Quantinno Capital Management LP increased its stake in shares of RE/MAX by 36.2% during the fourth quarter. Quantinno Capital Management LP now owns 14,807 shares of the financial services provider's stock worth $158,000 after purchasing an additional 3,934 shares during the period. Institutional investors own 93.17% of the company's stock.

Analyst Upgrades and Downgrades

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

RE/MAX Price Performance

NYSE:RMAX traded up $0.08 during trading hours on Monday, reaching $9.44. 152,769 shares of the company were exchanged, compared to its average volume of 274,282. The company has a market capitalization of $188.98 million, a P/E ratio of 20.07 and a beta of 1.17. RE/MAX Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $14.31. The business has a 50 day moving average of $8.43 and a 200 day moving average of $8.24.

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.