B. Riley Wealth Advisors Inc. Sells 13,400 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,419 shares of the financial services provider’s stock after selling 13,400 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.07% of RE/MAX worth $179,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. G2 Investment Partners Management LLC bought a new stake in RE/MAX during the fourth quarter valued at approximately $1,000,000. HST Ventures LLC bought a new stake in RE/MAX during the fourth quarter valued at approximately $578,000. Hotchkis & Wiley Capital Management LLC grew its position in RE/MAX by 46.2% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,057,780 shares of the financial services provider’s stock valued at $14,100,000 after buying an additional 334,290 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in RE/MAX during the fourth quarter valued at approximately $408,000. Finally, Oxford Asset Management LLP bought a new position in shares of RE/MAX in the fourth quarter worth approximately $166,000. 93.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RMAX has been the subject of a number of recent analyst reports. Jonestrading reiterated a “hold” rating on shares of RE/MAX in a research report on Friday, March 1st. Morgan Stanley lowered their price objective on RE/MAX from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 10th. Finally, Stephens decreased their target price on RE/MAX from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.60.

RE/MAX Trading Down 1.0 %

Shares of RMAX stock opened at $8.11 on Friday. The stock has a market capitalization of $148.25 million, a price-to-earnings ratio of -2.05 and a beta of 1.36. RE/MAX Holdings, Inc. has a 12-month low of $6.94 and a 12-month high of $20.48. The stock’s 50-day moving average price is $8.24 and its 200-day moving average price is $9.28.

RE/MAX (NYSE:RMAX) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. RE/MAX had a negative return on equity of 50.09% and a negative net margin of 22.51%. The business had revenue of $78.29 million for the quarter, compared to analysts’ expectations of $78.14 million. As a group, research analysts predict that RE/MAX Holdings, Inc. will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling at RE/MAX

In other RE/MAX news, major shareholder Adam K. Peterson bought 46,629 shares of RE/MAX stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average cost of $8.30 per share, for a total transaction of $387,020.70. Following the acquisition, the insider now directly owns 3,084,472 shares in the company, valued at approximately $25,601,117.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Abigail C. Lee sold 5,243 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $8.05, for a total value of $42,206.15. Following the completion of the sale, the executive vice president now directly owns 83,986 shares in the company, valued at $676,087.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Adam K. Peterson acquired 46,629 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were purchased at an average price of $8.30 per share, for a total transaction of $387,020.70. Following the transaction, the insider now directly owns 3,084,472 shares of the company’s stock, valued at $25,601,117.60. The disclosure for this purchase can be found here. Insiders acquired 74,309 shares of company stock worth $615,571 over the last 90 days. 5.99% of the stock is owned by insiders.

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.