Axa S.A. Invests $487,000 in RE/MAX Holdings, Inc. (NYSE:RMAX)

Axa S.A. bought a new stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 60,073 shares of the financial services provider’s stock, valued at approximately $487,000. Axa S.A. owned about 0.33% of RE/MAX as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC grew its stake in shares of 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 last quarter. Assenagon Asset Management S.A. bought a new position in RE/MAX during the 2nd quarter worth approximately $1,778,000. Jacobs Levy Equity Management Inc. grew its position in RE/MAX by 107.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 291,855 shares of the financial services provider’s stock worth $2,560,000 after acquiring an additional 151,036 shares during the last quarter. Blair William & Co. IL increased its stake in RE/MAX by 767.5% in the 1st quarter. Blair William & Co. IL now owns 109,611 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 96,976 shares during the period. Finally, Vanguard Group Inc. lifted its position in RE/MAX by 9.2% in the first quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock valued at $9,838,000 after purchasing an additional 94,758 shares during the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

RE/MAX Stock Up 0.3 %

NYSE:RMAX opened at $12.49 on Wednesday. The firm’s fifty day simple moving average is $10.89 and its 200 day simple moving average is $9.17. The stock has a market cap of $235.56 million, a P/E ratio of -3.16 and a beta of 1.37. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $13.70.

RE/MAX (NYSE:RMAX) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. RE/MAX had a negative net margin of 22.26% and a negative return on equity of 35.12%. The firm had revenue of $78.45 million for the quarter, compared to analyst estimates of $78.16 million. On average, analysts expect that RE/MAX Holdings, Inc. will post 0.75 EPS for the current fiscal year.

Analyst Ratings Changes

RMAX has been the topic of several analyst reports. StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Stephens boosted their price objective on shares of RE/MAX from $9.00 to $10.50 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, RE/MAX presently has a consensus rating of “Hold” and an average price target of $11.90.

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.