Greenland Capital Management LP Purchases New Holdings in RE/MAX Holdings, Inc. $RMAX

Greenland Capital Management LP acquired a new stake in RE/MAX Holdings, Inc. (NYSE:RMAX) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 46,364 shares of the financial services provider’s stock, valued at approximately $379,000.

Several other institutional investors also recently made changes to their positions in the stock. Nuveen LLC purchased a new position in shares of RE/MAX during the 1st quarter worth approximately $1,342,000. Martingale Asset Management L P raised its holdings in shares of RE/MAX by 351.7% in the first quarter. Martingale Asset Management L P now owns 46,714 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 36,373 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of RE/MAX during the first quarter valued at $1,468,000. Voya Investment Management LLC raised its stake in RE/MAX by 90.8% in the 1st quarter. Voya Investment Management LLC now owns 35,714 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 16,994 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in RE/MAX in the 1st quarter valued at about $148,000. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

RE/MAX Trading Down 3.1%

Shares of NYSE RMAX opened at $7.44 on Thursday. The stock’s 50 day simple moving average is $8.64 and its 200 day simple moving average is $8.39. The company has a market cap of $149.22 million, a price-to-earnings ratio of 15.83 and a beta of 1.17. 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 announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $73.25 million during the quarter, compared to analyst estimates of $73.68 million. RE/MAX had a negative return on equity of 51.38% and a net margin of 3.19%. RE/MAX has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that RE/MAX Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity at RE/MAX

In other RE/MAX news, Director Roger J. Dow sold 9,100 shares of the business’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 sale, the director owned 55,961 shares in the company, valued at approximately $524,354.57. The trade was a 13.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RMAX shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RE/MAX in a research note on Friday, October 31st. Wall Street Zen upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, RE/MAX presently has an average rating of “Reduce” and an average price target of $9.00.

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.