RE/MAX Holdings, Inc. (NYSE:RMAX) Stake Maintained by Barings LLC
Barings LLC held its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,400 shares of the financial services provider’s stock at the end of the first quarter. Barings LLC’s holdings in RE/MAX Holdings were worth $499,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in RE/MAX Holdings by 108.2% in the first quarter. Bank of Montreal Can now owns 9,980 shares of the financial services provider’s stock valued at $593,000 after buying an additional 5,187 shares during the period. New York State Teachers Retirement System boosted its position in RE/MAX Holdings by 2.7% in the fourth quarter. New York State Teachers Retirement System now owns 11,230 shares of the financial services provider’s stock valued at $629,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in RE/MAX Holdings during the fourth quarter valued at about $1,484,000. Comerica Bank boosted its position in RE/MAX Holdings by 5.4% in the fourth quarter. Comerica Bank now owns 18,859 shares of the financial services provider’s stock valued at $1,044,000 after buying an additional 972 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its position in RE/MAX Holdings by 19.7% in the first quarter. Great Lakes Advisors LLC now owns 22,673 shares of the financial services provider’s stock valued at $1,348,000 after buying an additional 3,733 shares during the last quarter.
Shares of RE/MAX Holdings, Inc. (RMAX) traded up 9.49% during mid-day trading on Friday, reaching $64.60. The company’s stock had a trading volume of 135,895 shares. RE/MAX Holdings, Inc. has a 52-week low of $40.41 and a 52-week high of $66.10. The firm’s 50 day moving average is $56.86 and its 200-day moving average is $56.70. The company has a market capitalization of $1.14 billion, a PE ratio of 50.19 and a beta of 0.93.
RE/MAX Holdings (NYSE:RMAX) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share (EPS) 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 82.39% and a net margin of 12.50%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Analysts forecast that RE/MAX Holdings, Inc. will post $1.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Monday, August 14th. RE/MAX Holdings’s dividend payout ratio (DPR) is presently 56.25%.
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Several research analysts have issued reports on RMAX shares. Keefe, Bruyette & Woods set a $53.00 price objective on RE/MAX Holdings and gave the stock a “hold” rating in a research report on Monday, April 10th. Zacks Investment Research raised RE/MAX Holdings from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Thursday, April 27th. Bank of America Corporation lowered 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, BidaskClub raised RE/MAX Holdings from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $58.33.
RE/MAX Holdings Company Profile
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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