Proficio Capital Partners LLC Makes New Investment in RE/MAX Holdings, Inc. (NYSE:RMAX)

Proficio Capital Partners LLC acquired a new stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,840 shares of the financial services provider’s stock, valued at approximately $190,000. Proficio Capital Partners LLC owned 0.09% of RE/MAX as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in RE/MAX by 145.2% during the third quarter. JPMorgan Chase & Co. now owns 120,247 shares of the financial services provider’s stock worth $1,497,000 after buying an additional 71,215 shares during the period. Empowered Funds LLC lifted its holdings in shares of RE/MAX by 104.1% during the 4th quarter. Empowered Funds LLC now owns 116,595 shares of the financial services provider’s stock valued at $1,244,000 after acquiring an additional 59,477 shares in the last quarter. State Street Corp boosted its position in RE/MAX by 6.6% during the 3rd quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock worth $5,424,000 after purchasing an additional 27,131 shares during the period. Barclays PLC increased its holdings in RE/MAX by 248.3% in the 3rd quarter. Barclays PLC now owns 25,933 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 18,488 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in RE/MAX by 27.2% in the fourth quarter. Bank of New York Mellon Corp now owns 85,505 shares of the financial services provider’s stock valued at $912,000 after purchasing an additional 18,300 shares during the period. 93.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded RE/MAX from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

RE/MAX Trading Up 0.5 %

NYSE RMAX opened at $8.88 on Friday. The company’s fifty day simple moving average is $9.51 and its 200-day simple moving average is $11.00. The stock has a market cap of $168.47 million, a P/E ratio of 25.36 and a beta of 1.32. RE/MAX Holdings, Inc. has a 52 week low of $6.94 and a 52 week high of $14.31.

RE/MAX (NYSE:RMAX) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). The firm had revenue of $72.47 million during the quarter, compared to analyst estimates of $74.34 million. RE/MAX had a negative return on equity of 38.69% and a net margin of 2.32%. On average, research analysts expect that RE/MAX Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity at RE/MAX

In related news, major shareholder Adam K. Peterson purchased 13,636 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of $10.45 per share, for a total transaction of $142,496.20. Following the completion of the purchase, the insider now owns 3,221,131 shares in the company, valued at approximately $33,660,818.95. This represents a 0.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 40,434 shares of company stock valued at $410,729. 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.