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. lowered its stake in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,740 shares of the financial services provider's stock after selling 29,886 shares during the period. Russell Investments Group Ltd. owned approximately 0.86% of RE/MAX worth $1,362,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of RE/MAX by 4.9% in the fourth 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 in the last quarter. Northern Trust Corp increased its holdings in shares of RE/MAX by 1.0% in 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 in the last quarter. Wells Fargo & Company MN increased its holdings in shares of RE/MAX by 27.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider's stock valued at $113,000 after buying an additional 2,286 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of RE/MAX by 8.7% in the first quarter. Meeder Asset Management Inc. now owns 29,007 shares of the financial services provider's stock valued at $243,000 after buying an additional 2,331 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of RE/MAX by 19.3% in the fourth quarter. Two Sigma Advisers LP now owns 17,300 shares of the financial services provider's stock valued at $185,000 after buying an additional 2,800 shares in the last quarter. Institutional investors own 93.17% of the company's stock.

RE/MAX Trading Down 3.2%

NYSE:RMAX traded down $0.31 during trading hours on Tuesday, hitting $9.12. 133,924 shares of the stock traded hands, compared to its average volume of 259,621. The firm has a 50 day moving average price of $8.45 and a 200 day moving average price of $8.24. RE/MAX Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $14.31. The firm has a market cap of $182.57 million, a price-to-earnings ratio of 19.39 and a beta of 1.17.

Wall Street Analysts Forecast Growth

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