Municipal Employees Retirement System of Michigan increased its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 44.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,080 shares of the financial services provider’s stock after buying an additional 2,470 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in RE/MAX were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of RMAX. Victory Capital Management Inc. raised its holdings in shares of RE/MAX by 17.5% during the second quarter. Victory Capital Management Inc. now owns 3,150 shares of the financial services provider’s stock valued at $177,000 after buying an additional 470 shares during the last quarter. Sei Investments Co. grew its position in RE/MAX by 36.3% in the second quarter. Sei Investments Co. now owns 3,410 shares of the financial services provider’s stock worth $192,000 after buying an additional 909 shares during the last quarter. Aperio Group LLC acquired a new position in RE/MAX in the second quarter worth approximately $211,000. Piedmont Investment Advisors LLC purchased a new position in RE/MAX during the 2nd quarter worth approximately $215,000. Finally, Crossmark Global Holdings Inc. purchased a new position in RE/MAX during the 3rd quarter worth approximately $234,000.
Shares of RE/MAX Holdings, Inc. (RMAX) traded down $1.00 during mid-day trading on Tuesday, hitting $52.20. 81,300 shares of the stock traded hands, compared to its average volume of 84,392. The company has a market capitalization of $941.43, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 3.97 and a beta of 0.80. RE/MAX Holdings, Inc. has a 52 week low of $50.80 and a 52 week high of $67.50. The company has a debt-to-equity ratio of 3.29, a current ratio of 10.83 and a quick ratio of 10.83.
RMAX has been the subject of a number of research reports. Zacks Investment Research raised shares of RE/MAX from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies assumed coverage on shares of RE/MAX in a report on Thursday, September 28th. They set an “overweight” rating and a $69.00 price objective on the stock. BidaskClub raised shares of RE/MAX from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Finally, Stephens cut shares of RE/MAX from an “overweight” rating to an “equal weight” rating and set a $66.00 target price on the stock. in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. RE/MAX presently has a consensus rating of “Hold” and a consensus price target of $63.17.
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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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