Sherbrooke Park Advisers LLC Buys Shares of 17,135 RE/MAX Holdings, Inc. (NYSE:RMAX)

Sherbrooke Park Advisers LLC bought a new stake in RE/MAX Holdings, Inc. (NYSE:RMAX) in the 4th quarter, HoldingsChannel reports. The fund bought 17,135 shares of the financial services provider’s stock, valued at approximately $183,000.

Other institutional investors also recently bought and sold shares of the company. Martingale Asset Management L P acquired a new stake in RE/MAX in the fourth quarter valued at approximately $110,000. Wells Fargo & Company MN raised its holdings in shares of RE/MAX by 27.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider’s stock worth $113,000 after buying an additional 2,286 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of RE/MAX by 39.2% in the fourth quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider’s stock worth $126,000 after buying an additional 3,329 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of RE/MAX in the fourth quarter worth $136,000. Finally, Quantinno Capital Management LP raised its holdings in shares of RE/MAX by 36.2% in the fourth quarter. Quantinno Capital Management LP now owns 14,807 shares of the financial services provider’s stock worth $158,000 after buying an additional 3,934 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.

RE/MAX Trading Down 1.0%

NYSE RMAX opened at $7.56 on Wednesday. The company has a fifty day simple moving average of $7.93 and a two-hundred day simple moving average of $9.77. The stock has a market cap of $143.51 million, a P/E ratio of 21.60 and a beta of 1.20. RE/MAX Holdings, Inc. has a 12-month low of $6.90 and a 12-month high of $14.31.

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

Insider Buying and Selling

In related news, EVP Abigail C. Lee sold 10,000 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $7.78, for a total transaction of $77,800.00. Following the completion of the transaction, the executive vice president now owns 151,874 shares of the company’s stock, valued at $1,181,579.72. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on RMAX. StockNews.com cut shares of RE/MAX from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods decreased their price target on shares of RE/MAX from $10.00 to $9.00 and set a “market perform” rating for the company in a report on Monday, April 28th.

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.