AQR Capital Management LLC Increases Stock Holdings in RE/MAX Holdings, Inc. (NYSE:RMAX)

AQR Capital Management LLC boosted its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 516,953 shares of the financial services provider’s stock after buying an additional 66,960 shares during the period. AQR Capital Management LLC owned approximately 2.83% of RE/MAX worth $4,187,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in RE/MAX by 19,729.6% during the second quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 5,327 shares during the last quarter. Patron Partners LLC purchased a new stake in RE/MAX in the 1st quarter worth about $93,000. Pinnacle Wealth Planning Services Inc. raised its position in RE/MAX by 15.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 12,222 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,644 shares during the period. SG Americas Securities LLC lifted its stake in RE/MAX by 12.7% in the first quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,469 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of RE/MAX during the second quarter valued at approximately $153,000. 93.17% of the stock is currently owned by institutional investors.

RE/MAX Price Performance

Shares of NYSE:RMAX opened at $11.85 on Friday. The business’s 50 day moving average is $11.05 and its 200 day moving average is $9.24. RE/MAX Holdings, Inc. has a 52-week low of $6.94 and a 52-week high of $13.70.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RMAX. StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Stephens lifted their target price on RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.90.

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.