Stone Ridge Asset Management LLC Takes $336,000 Position in Re/Max Holdings Inc (RMAX)

Stone Ridge Asset Management LLC acquired a new stake in shares of Re/Max Holdings Inc (NYSE:RMAX) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 10,917 shares of the financial services provider’s stock, valued at approximately $336,000. Stone Ridge Asset Management LLC owned 0.06% of Re/Max as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in shares of Re/Max by 1.0% during the 3rd quarter. Wells Fargo & Company MN now owns 241,922 shares of the financial services provider’s stock worth $10,729,000 after acquiring an additional 2,399 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Re/Max by 40.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 688,309 shares of the financial services provider’s stock worth $30,526,000 after acquiring an additional 198,539 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Re/Max by 5.2% during the 3rd quarter. BlackRock Inc. now owns 2,559,945 shares of the financial services provider’s stock worth $113,532,000 after acquiring an additional 127,191 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Re/Max during the 3rd quarter worth about $496,000. Finally, FDx Advisors Inc. boosted its stake in shares of Re/Max by 40.3% during the 3rd quarter. FDx Advisors Inc. now owns 12,472 shares of the financial services provider’s stock worth $553,000 after acquiring an additional 3,582 shares in the last quarter. Institutional investors own 99.57% of the company’s stock.

Several research analysts recently weighed in on RMAX shares. Zacks Investment Research upgraded shares of Re/Max from a “sell” rating to a “hold” rating in a research report on Tuesday, January 8th. Compass Point started coverage on shares of Re/Max in a research report on Thursday, January 24th. They set a “neutral” rating and a $40.00 price target for the company. TheStreet upgraded shares of Re/Max from a “c” rating to a “b-” rating in a research report on Monday, March 11th. Finally, Morgan Stanley set a $39.00 price target on shares of Re/Max and gave the stock a “buy” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.71.

Shares of RMAX traded up $0.68 during mid-day trading on Friday, hitting $40.96. 86,678 shares of the company were exchanged, compared to its average volume of 87,465. The company has a market cap of $727.20 million, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.87 and a beta of 0.88. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 2.87. Re/Max Holdings Inc has a 1-year low of $27.84 and a 1-year high of $58.25.

Re/Max (NYSE:RMAX) last released its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. The company had revenue of $50.84 million during the quarter, compared to the consensus estimate of $50.56 million. Re/Max had a net margin of 12.72% and a return on equity of 84.43%. Re/Max’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, sell-side analysts expect that Re/Max Holdings Inc will post 2.04 earnings per share for the current year.

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Re/Max Company Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.

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Institutional Ownership by Quarter for Re/Max (NYSE:RMAX)

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