Dimensional Fund Advisors LP Boosts Holdings in RE/MAX Holdings, Inc. (NYSE:RMAX)

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

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its holdings in RE/MAX by 248.3% in the third quarter. Barclays PLC now owns 25,933 shares of the financial services provider's stock valued at $323,000 after buying an additional 18,488 shares during the last quarter. JPMorgan Chase & Co. raised its stake in RE/MAX by 145.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 120,247 shares of the financial services provider's stock valued at $1,497,000 after purchasing an additional 71,215 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of RE/MAX by 31.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider's stock worth $60,000 after acquiring an additional 1,336 shares during the last quarter. SG Americas Securities LLC increased its position in RE/MAX by 82.8% during the fourth quarter. SG Americas Securities LLC now owns 21,516 shares of the financial services provider's stock worth $230,000 after buying an additional 9,743 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of RE/MAX by 6.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 26,178 shares of the financial services provider's stock valued at $279,000 after purchasing an additional 1,662 shares during the last quarter. Institutional investors and hedge funds own 93.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RMAX. Keefe, Bruyette & Woods cut their price target on shares of RE/MAX from $10.00 to $9.00 and set a "market perform" rating for the company in a research note 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.

RE/MAX Trading Up 2.3%

Shares of NYSE:RMAX traded up $0.18 on Thursday, reaching $7.82. 50,157 shares of the company's stock were exchanged, compared to its average volume of 202,846. The company has a market capitalization of $148.35 million, a price-to-earnings ratio of 22.29 and a beta of 1.20. The company has a fifty day moving average of $8.00 and a 200-day moving average of $9.91. RE/MAX Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $14.31.

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

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.