RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 65.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,727 shares of the financial services provider's stock after selling 292,852 shares during the period. Assenagon Asset Management S.A. owned approximately 0.85% of RE/MAX worth $2,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in RE/MAX during the 3rd quarter valued at about $152,000. Exchange Traded Concepts LLC bought a new stake in RE/MAX during the 4th quarter valued at about $396,000. Barclays PLC raised its holdings in shares of RE/MAX by 326.8% in the 3rd quarter. Barclays PLC now owns 41,609 shares of the financial services provider's stock valued at $538,000 after purchasing an additional 31,859 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in shares of RE/MAX in the 3rd quarter valued at about $278,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of RE/MAX by 195.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,170 shares of the financial services provider's stock valued at $1,555,000 after purchasing an additional 79,476 shares in the last quarter. Institutional investors own 93.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RMAX shares. Keefe, Bruyette & Woods reduced their price target on shares of RE/MAX from $11.00 to $10.00 and set a "market perform" rating for the company in a report on Wednesday, February 28th. Jonestrading restated a "hold" rating on shares of RE/MAX in a report on Friday, March 1st. StockNews.com lowered shares of RE/MAX from a "buy" rating to a "hold" rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $14.00 price target (down previously from $16.00) on shares of RE/MAX in a report on Monday, December 18th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, RE/MAX currently has an average rating of "Hold" and an average target price of $14.40.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson bought 54,000 shares of the company's stock in a transaction on Monday, March 18th. The shares were bought at an average price of $7.64 per share, with a total value of $412,560.00. Following the transaction, the insider now owns 3,037,843 shares in the company, valued at $23,209,120.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Adam K. Peterson bought 54,000 shares of the company's stock in a transaction on Monday, March 18th. The shares were bought at an average price of $7.64 per share, with a total value of $412,560.00. Following the transaction, the insider now owns 3,037,843 shares in the company, valued at $23,209,120.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Abigail C. Lee sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $8.51, for a total transaction of $38,295.00. Following the sale, the executive vice president now directly owns 89,229 shares in the company, valued at approximately $759,338.79. The disclosure for this sale can be found here. 4.61% of the stock is owned by insiders.

RE/MAX Stock Down 1.6 %

Shares of NYSE RMAX traded down $0.13 during trading hours on Friday, hitting $8.04. 351,088 shares of the stock were exchanged, compared to its average volume of 293,703. The company has a market cap of $146.94 million, a PE ratio of -2.11 and a beta of 1.40. The firm has a fifty day moving average price of $8.87 and a 200-day moving average price of $10.51. RE/MAX Holdings, Inc. has a 12 month low of $7.24 and a 12 month high of $20.48.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $76.60 million during the quarter, compared to analyst estimates of $77.19 million. RE/MAX had a negative net margin of 21.19% and a negative return on equity of 116.18%. As a group, equities analysts anticipate that RE/MAX Holdings, Inc. will post 0.77 earnings per share for the current fiscal year.

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.