RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 895,668 shares of the financial services provider's stock after purchasing an additional 178,599 shares during the period. Dimensional Fund Advisors LP owned about 4.75% of RE/MAX worth $9,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Prudential Financial Inc. boosted its holdings in shares of RE/MAX by 101.6% during the 4th quarter. Prudential Financial Inc. now owns 212,762 shares of the financial services provider's stock worth $2,270,000 after purchasing an additional 107,207 shares during the last quarter. Norges Bank acquired a new position in RE/MAX during the fourth quarter worth $1,058,000. JPMorgan Chase & Co. increased its position in shares of RE/MAX by 145.2% during the third quarter. JPMorgan Chase & Co. now owns 120,247 shares of the financial services provider's stock worth $1,497,000 after acquiring an additional 71,215 shares during the period. Magnolia Group LLC increased its position in shares of RE/MAX by 2.2% during the fourth quarter. Magnolia Group LLC now owns 3,221,131 shares of the financial services provider's stock worth $34,369,000 after acquiring an additional 70,457 shares during the period. Finally, Empowered Funds LLC increased its position in shares of RE/MAX by 104.1% during the fourth quarter. Empowered Funds LLC now owns 116,595 shares of the financial services provider's stock worth $1,244,000 after acquiring an additional 59,477 shares during the period. Hedge funds and other institutional investors own 93.17% of the company's stock.

RE/MAX Price Performance

RE/MAX stock traded up $0.25 during mid-day trading on Monday, reaching $7.93. The company had a trading volume of 211,081 shares, compared to its average volume of 204,592. The stock's 50-day simple moving average is $8.02 and its 200-day simple moving average is $9.94. RE/MAX Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $14.31. The company has a market capitalization of $150.54 million, a P/E ratio of 22.66 and a beta of 1.20.

RE/MAX (NYSE:RMAX - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.10). RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. The company had revenue of $72.47 million for the quarter, compared to analysts' expectations of $74.34 million. On average, equities analysts forecast that RE/MAX Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on RMAX shares. Keefe, Bruyette & Woods dropped their target price on RE/MAX from $10.00 to $9.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. StockNews.com upgraded shares of RE/MAX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 27th.

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.