Empowered Funds LLC Raises Stock Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Empowered Funds LLC lifted its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 104.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,595 shares of the financial services provider’s stock after purchasing an additional 59,477 shares during the period. Empowered Funds LLC owned 0.62% of RE/MAX worth $1,244,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RMAX. Assenagon Asset Management S.A. raised its position in RE/MAX by 138.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 524,188 shares of the financial services provider’s stock valued at $6,526,000 after purchasing an additional 304,694 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of RE/MAX by 229.8% in 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 acquiring an additional 247,131 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of RE/MAX by 145.2% in the third quarter. JPMorgan Chase & Co. now owns 120,247 shares of the financial services provider’s stock valued at $1,497,000 after acquiring an additional 71,215 shares in the last quarter. State Street Corp lifted its stake in RE/MAX by 6.6% in the third quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock worth $5,424,000 after acquiring an additional 27,131 shares during the period. Finally, Barclays PLC grew its holdings in RE/MAX by 248.3% during the 3rd quarter. Barclays PLC now owns 25,933 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 18,488 shares in the last quarter. Institutional investors own 93.17% of the company’s stock.

RE/MAX Price Performance

Shares of NYSE RMAX opened at $10.12 on Monday. RE/MAX Holdings, Inc. has a 1-year low of $6.94 and a 1-year high of $14.31. The business has a fifty day moving average price of $10.55 and a 200 day moving average price of $11.28. The stock has a market capitalization of $190.87 million, a P/E ratio of -18.73 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.17.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson purchased 11,798 shares of the business’s stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of $9.64 per share, with a total value of $113,732.72. Following the completion of the acquisition, the insider now owns 3,247,929 shares of the company’s stock, valued at $31,310,035.56. This trade represents a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders bought 69,889 shares of company stock worth $729,432. 5.99% of the stock is owned by corporate insiders.

RE/MAX Company 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.