SG Americas Securities LLC Has $154,000 Stock Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

SG Americas Securities LLC increased its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 22.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,523 shares of the financial services provider’s stock after buying an additional 2,136 shares during the quarter. SG Americas Securities LLC’s holdings in RE/MAX were worth $154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in RE/MAX during the 3rd quarter valued at approximately $152,000. Exchange Traded Concepts LLC acquired a new stake in RE/MAX during the 4th quarter valued at approximately $396,000. Assenagon Asset Management S.A. acquired a new stake in RE/MAX during the 3rd quarter valued at approximately $5,792,000. Barclays PLC increased its position in RE/MAX by 326.8% during the 3rd quarter. Barclays PLC now owns 41,609 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 31,859 shares during the period. Finally, Kennedy Capital Management LLC acquired a new stake in RE/MAX during the 3rd quarter valued at approximately $278,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

Insider Buying and Selling at RE/MAX

In other RE/MAX news, EVP Abigail C. Lee sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $8.51, for a total transaction of $38,295.00. Following the transaction, the executive vice president now directly owns 89,229 shares in the company, valued at approximately $759,338.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Adam K. Peterson acquired 54,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were acquired at an average cost of $7.64 per share, for a total transaction of $412,560.00. Following the purchase, the insider now owns 3,037,843 shares in the company, valued at $23,209,120.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Abigail C. Lee sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $8.51, for a total value of $38,295.00. Following the transaction, the executive vice president now owns 89,229 shares in the company, valued at $759,338.79. The disclosure for this sale can be found here. Company insiders own 3.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of RE/MAX from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Wednesday, February 28th. JPMorgan Chase & Co. restated an “underweight” rating and set a $14.00 price target (down from $16.00) on shares of RE/MAX in a report on Monday, December 18th. StockNews.com cut RE/MAX from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Morgan Stanley cut their price target on RE/MAX from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Wednesday, April 10th. Finally, Jonestrading restated a “hold” rating on shares of RE/MAX in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, RE/MAX has an average rating of “Hold” and a consensus target price of $14.00.

RE/MAX Stock Down 2.5 %

Shares of RMAX opened at $7.34 on Tuesday. RE/MAX Holdings, Inc. has a 12-month low of $7.20 and a 12-month high of $20.48. The business’s fifty day moving average is $8.51 and its 200 day moving average is $10.17. The stock has a market cap of $134.18 million, a P/E ratio of -1.93 and a beta of 1.40.

RE/MAX (NYSE:RMAX) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. RE/MAX had a negative return on equity of 116.18% and a negative net margin of 21.19%. The company had revenue of $76.60 million for the quarter, compared to analysts’ expectations of $77.19 million. On average, analysts expect that RE/MAX Holdings, Inc. will post 0.77 EPS for the current year.

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.