Ameriprise Financial Inc. Grows Position in RE/MAX Holdings, Inc. (RMAX)

Ameriprise Financial Inc. lifted its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,547 shares of the financial services provider’s stock after purchasing an additional 341 shares during the quarter. Ameriprise Financial Inc. owned about 0.53% of RE/MAX Holdings worth $5,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its holdings in RE/MAX Holdings by 0.7% in the second quarter. TIAA CREF Investment Management LLC now owns 48,336 shares of the financial services provider’s stock worth $2,709,000 after acquiring an additional 315 shares in the last quarter. Teachers Advisors LLC boosted its holdings in RE/MAX Holdings by 1.3% in the second quarter. Teachers Advisors LLC now owns 157,860 shares of the financial services provider’s stock worth $8,848,000 after acquiring an additional 2,091 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in RE/MAX Holdings by 0.6% in the second quarter. Wells Fargo & Company MN now owns 215,356 shares of the financial services provider’s stock worth $12,070,000 after acquiring an additional 1,383 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in RE/MAX Holdings by 2.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,549,517 shares of the financial services provider’s stock worth $86,851,000 after acquiring an additional 37,840 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in RE/MAX Holdings by 2.4% in the second quarter. Principal Financial Group Inc. now owns 149,093 shares of the financial services provider’s stock worth $8,357,000 after acquiring an additional 3,543 shares in the last quarter.

In other news, President Geoffrey D. Lewis sold 1,200 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.00, for a total value of $72,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.58% of the stock is owned by company insiders.

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Several equities research analysts have commented on RMAX shares. BidaskClub raised RE/MAX Holdings from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Craig Hallum started coverage on RE/MAX Holdings in a report on Wednesday, August 30th. They issued a “buy” rating and a $75.00 target price on the stock. Zacks Investment Research downgraded RE/MAX Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Bank of America Corporation downgraded RE/MAX Holdings from a “neutral” rating to an “underperform” rating and set a $56.00 target price on the stock. in a report on Friday, June 30th. Finally, Piper Jaffray Companies started coverage on RE/MAX Holdings in a report on Thursday, September 28th. They issued an “overweight” rating and a $69.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $64.67.

RE/MAX Holdings, Inc. (RMAX) opened at 67.00 on Monday. The stock has a market cap of $1.19 billion, a PE ratio of 50.83 and a beta of 0.93. RE/MAX Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $67.45. The stock has a 50 day moving average price of $63.41 and a 200 day moving average price of $58.91.

RE/MAX Holdings (NYSE:RMAX) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The firm had revenue of $48.82 million during the quarter, compared to analysts’ expectations of $48.29 million. RE/MAX Holdings had a return on equity of 79.94% and a net margin of 12.45%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. On average, analysts predict that RE/MAX Holdings, Inc. will post $1.90 EPS for the current fiscal year.

About RE/MAX Holdings

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.

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Institutional Ownership by Quarter for RE/MAX Holdings (NYSE:RMAX)

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