17,840 Shares in RE/MAX Holdings, Inc. (NYSE:RMAX) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. increased 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 worth $1,497,000 after purchasing an additional 71,215 shares during the last quarter. BNP Paribas Financial Markets increased its stake in RE/MAX by 23.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 54,101 shares of the financial services provider’s stock worth $674,000 after acquiring an additional 10,207 shares during the last quarter. Barclays PLC raised its holdings in shares of 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. Geode Capital Management LLC boosted its position in shares of RE/MAX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider’s stock valued at $5,178,000 after acquiring an additional 7,688 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of RE/MAX by 6.6% in the third quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock valued at $5,424,000 after purchasing an additional 27,131 shares in the last quarter. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

RE/MAX Price Performance

Shares of NYSE RMAX opened at $8.65 on Thursday. The stock has a market capitalization of $164.11 million, a P/E ratio of 24.70 and a beta of 1.32. RE/MAX Holdings, Inc. has a 1-year low of $6.94 and a 1-year high of $14.31. The business’s 50 day moving average is $9.76 and its two-hundred day moving average is $11.18.

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

Insider Buying and Selling

In related news, major shareholder Adam K. Peterson purchased 29,455 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of $10.82 per share, for a total transaction of $318,703.10. Following the completion of the acquisition, the insider now owns 3,207,495 shares in the company, valued at approximately $34,705,095.90. This trade represents a 0.93 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 69,889 shares of company stock valued at $729,432 in the last ninety days. 5.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of RE/MAX from a “buy” rating to a “strong-buy” rating in a research note on Tuesday.

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.