RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.14 and traded as high as $8.47. RE/MAX shares last traded at $8.15, with a volume of 245,924 shares changing hands.
Analyst Ratings Changes
Several research firms have commented on RMAX. Wall Street Zen downgraded shares of RE/MAX from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of RE/MAX from $10.00 to $9.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th.
Get Our Latest Report on RMAX
RE/MAX Stock Up 1.4%
The stock has a market cap of $178.27 million, a P/E ratio of 18.94 and a beta of 1.17. The firm's fifty day moving average price is $8.23 and its 200-day moving average price is $8.34.
Institutional Investors Weigh In On RE/MAX
Large investors have recently modified their holdings of the stock. Magnolia Group LLC lifted its position in RE/MAX by 0.8% during the first quarter. Magnolia Group LLC now owns 3,247,929 shares of the financial services provider's stock valued at $27,185,000 after buying an additional 26,798 shares during the period. Capital World Investors raised its position in shares of RE/MAX by 736.3% in the 4th quarter. Capital World Investors now owns 1,500,000 shares of the financial services provider's stock worth $16,005,000 after purchasing an additional 1,320,628 shares during the last quarter. Dimensional Fund Advisors LP grew its position in RE/MAX by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 895,668 shares of the financial services provider's stock valued at $9,557,000 after purchasing an additional 178,599 shares during the last quarter. Renaissance Technologies LLC increased its stake in RE/MAX by 2.5% during the 4th quarter. Renaissance Technologies LLC now owns 808,369 shares of the financial services provider's stock valued at $8,625,000 after purchasing an additional 19,969 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in RE/MAX by 80.7% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 492,139 shares of the financial services provider's stock valued at $4,026,000 after purchasing an additional 219,859 shares in the last quarter. Institutional investors own 93.17% of the company's stock.
About RE/MAX
(
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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.
Further Reading
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