AQR Capital Management LLC boosted its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX – Free Report) 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.
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.
Get Our Latest Research Report on RE/MAX
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.
See Also
- Five stocks we like better than RE/MAX
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- 3 Small-Cap Stocks on the Way to Bigger and Better Days
- High Dividend REITs: Are They an Ideal Way to Diversify?
- MarketBeat Week in Review – 9/30 – 10/4
- How to Find Undervalued Stocks
- Top Streaming Companies: Who’s Winning the Battle?
Want to see what other hedge funds are holding RMAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RE/MAX Holdings, Inc. (NYSE:RMAX – Free Report).
Receive News & Ratings for RE/MAX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RE/MAX and related companies with MarketBeat.com's FREE daily email newsletter.