RE/MAX Holdings, Inc. (NYSE:RMAX) is Magnolia Group LLC’s 7th Largest Position

Magnolia Group LLC raised its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,124,152 shares of the financial services provider’s stock after purchasing an additional 86,309 shares during the period. RE/MAX accounts for 3.8% of Magnolia Group LLC’s holdings, making the stock its 7th biggest position. Magnolia Group LLC owned about 17.09% of RE/MAX worth $25,306,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in RE/MAX by 19,729.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock worth $43,000 after buying an additional 5,327 shares during the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in RE/MAX in the 4th quarter valued at $141,000. Patron Partners LLC purchased a new position in RE/MAX in the 1st quarter valued at $93,000. Oxford Asset Management LLP acquired a new stake in RE/MAX during the 4th quarter worth $166,000. Finally, SG Americas Securities LLC grew its holdings in shares of RE/MAX by 12.7% during the first quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,469 shares in the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

Insider Activity

In related news, major shareholder Adam K. Peterson acquired 23,500 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average price of $8.27 per share, with a total value of $194,345.00. Following the transaction, the insider now owns 3,124,152 shares of the company’s stock, valued at approximately $25,836,737.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Adam K. Peterson bought 23,500 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average price of $8.27 per share, with a total value of $194,345.00. Following the purchase, the insider now owns 3,124,152 shares in the company, valued at $25,836,737.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Adam K. Peterson bought 26,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was purchased at an average cost of $8.03 per share, with a total value of $208,780.00. Following the completion of the transaction, the insider now owns 3,150,152 shares in the company, valued at $25,295,720.56. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 100,309 shares of company stock valued at $824,351. Company insiders own 5.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stephens raised their price target on shares of RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. StockNews.com cut RE/MAX from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, RE/MAX has a consensus rating of “Hold” and an average target price of $11.90.

RE/MAX Trading Down 1.9 %

RMAX stock traded down $0.20 during trading on Friday, reaching $10.59. 186,994 shares of the stock were exchanged, compared to its average volume of 252,711. The firm has a market capitalization of $199.73 million, a price-to-earnings ratio of -2.68 and a beta of 1.37. The business has a 50 day moving average price of $9.71 and a 200-day moving average price of $8.70. RE/MAX Holdings, Inc. has a 1 year low of $6.94 and a 1 year high of $15.54.

RE/MAX (NYSE:RMAX) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $78.45 million during the quarter, compared to analyst estimates of $78.16 million. RE/MAX had a negative return on equity of 35.12% and a negative net margin of 22.26%. On average, research analysts anticipate that RE/MAX Holdings, Inc. will post 0.73 EPS for the current year.

RE/MAX 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.