Empowered Funds LLC Has $711,000 Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Empowered Funds LLC grew its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,118 shares of the financial services provider’s stock after purchasing an additional 2,814 shares during the quarter. Empowered Funds LLC owned about 0.30% of RE/MAX worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 valued at $114,000 after buying an additional 1,469 shares during the period. Russell Investments Group Ltd. lifted its position in shares of RE/MAX by 17.2% during the 1st quarter. Russell Investments Group Ltd. now owns 227,103 shares of the financial services provider’s stock valued at $1,992,000 after acquiring an additional 33,351 shares during the period. Vanguard Group Inc. boosted its stake in RE/MAX by 9.2% during the first quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock worth $9,838,000 after acquiring an additional 94,758 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in RE/MAX by 29.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,443 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 5,390 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in RE/MAX by 40.7% in the first quarter. Public Employees Retirement System of Ohio now owns 37,628 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 10,894 shares during the period. Institutional investors own 93.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RMAX. Stephens upped their price objective on shares of RE/MAX from $9.00 to $10.50 and gave the company an “equal weight” rating in a report on Monday, August 12th. StockNews.com lowered RE/MAX from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.38.

RE/MAX Price Performance

Shares of NYSE RMAX opened at $13.23 on Friday. The company has a 50-day moving average price of $12.10 and a 200-day moving average price of $10.29. The stock has a market capitalization of $249.65 million, a P/E ratio of -24.50 and a beta of 1.36. RE/MAX Holdings, Inc. has a 1 year low of $6.94 and a 1 year high of $13.70.

Insider Activity at RE/MAX

In related news, major shareholder Adam K. Peterson acquired 27,366 shares of the company’s stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $10.96 per share, for a total transaction of $299,931.36. Following the purchase, the insider now owns 3,178,040 shares in the company, valued at approximately $34,831,318.40. The trade was a 0.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.