RE/MAX Holdings, Inc. $RMAX Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC grew its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 48.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,923 shares of the financial services provider’s stock after buying an additional 9,775 shares during the period. Penserra Capital Management LLC owned 0.15% of RE/MAX worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Brandywine Global Investment Management LLC raised its position in shares of RE/MAX by 12.5% during the 1st quarter. Brandywine Global Investment Management LLC now owns 14,370 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 1,600 shares in the last quarter. Meeder Asset Management Inc. increased its stake in RE/MAX by 8.7% in the first quarter. Meeder Asset Management Inc. now owns 29,007 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 2,331 shares during the last quarter. CWM LLC raised its holdings in RE/MAX by 312.5% during the second quarter. CWM LLC now owns 3,543 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,684 shares in the last quarter. State of Wyoming lifted its position in shares of RE/MAX by 41.3% during the 1st quarter. State of Wyoming now owns 11,990 shares of the financial services provider’s stock worth $100,000 after buying an additional 3,506 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of RE/MAX in the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.

Insider Activity

In related news, Director Roger J. Dow sold 9,100 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $9.37, for a total transaction of $85,267.00. Following the transaction, the director owned 55,961 shares of the company’s stock, valued at $524,354.57. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.80% of the stock is currently owned by corporate insiders.

RE/MAX Price Performance

Shares of NYSE:RMAX opened at $7.70 on Thursday. RE/MAX Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $14.31. The stock has a market cap of $154.39 million, a P/E ratio of 16.38 and a beta of 1.17. The firm has a fifty day moving average price of $8.83 and a 200 day moving average price of $8.40.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RMAX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of RE/MAX in a research note on Friday, October 31st. Wall Street Zen raised RE/MAX from a “hold” rating to a “buy” rating in a report on Sunday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $9.00.

RE/MAX 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.