Charles Schwab Investment Management Inc. Has $1.88 Million Stock Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Charles Schwab Investment Management Inc. trimmed its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,687 shares of the financial services provider’s stock after selling 1,132 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.80% of RE/MAX worth $1,876,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Magnolia Group LLC grew its position in RE/MAX by 2.8% during the 2nd quarter. Magnolia Group LLC now owns 3,124,152 shares of the financial services provider’s stock worth $25,306,000 after purchasing an additional 86,309 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of RE/MAX by 138.8% during the third quarter. Assenagon Asset Management S.A. now owns 524,188 shares of the financial services provider’s stock valued at $6,526,000 after buying an additional 304,694 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of RE/MAX by 14.9% during the second quarter. AQR Capital Management LLC now owns 516,953 shares of the financial services provider’s stock valued at $4,187,000 after buying an additional 66,960 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in RE/MAX by 229.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 354,651 shares of the financial services provider’s stock valued at $4,415,000 after buying an additional 247,131 shares during the period. Finally, River Global Investors LLP boosted its position in RE/MAX by 4.2% during the 3rd quarter. River Global Investors LLP now owns 188,913 shares of the financial services provider’s stock worth $2,353,000 after acquiring an additional 7,536 shares during the period. 93.17% of the stock is owned by hedge funds and other institutional investors.

RE/MAX Trading Up 0.5 %

RMAX opened at $12.01 on Tuesday. The stock has a fifty day moving average price of $12.24 and a 200 day moving average price of $10.74. RE/MAX Holdings, Inc. has a 1 year low of $6.94 and a 1 year high of $14.31. The stock has a market cap of $226.56 million, a price-to-earnings ratio of -22.23 and a beta of 1.34.

Analyst Ratings Changes

Separately, StockNews.com upgraded RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.38.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson bought 27,366 shares of the business’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $10.96 per share, for a total transaction of $299,931.36. Following the completion of the acquisition, the insider now directly owns 3,178,040 shares in the company, valued at approximately $34,831,318.40. This represents a 0.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.99% of the company’s stock.

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.