Two Sigma Advisers LP Acquires 2,800 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

Two Sigma Advisers LP boosted its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 19.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,300 shares of the financial services provider’s stock after acquiring an additional 2,800 shares during the period. Two Sigma Advisers LP owned 0.09% of RE/MAX worth $185,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in RE/MAX by 104.1% during the fourth quarter. Empowered Funds LLC now owns 116,595 shares of the financial services provider’s stock worth $1,244,000 after acquiring an additional 59,477 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of RE/MAX by 27.2% in the 4th quarter. Bank of New York Mellon Corp now owns 85,505 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 18,300 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of RE/MAX in the 4th quarter worth about $190,000. Charles Schwab Investment Management Inc. boosted its holdings in RE/MAX by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,779 shares of the financial services provider’s stock valued at $1,619,000 after acquiring an additional 1,092 shares during the period. Finally, AlphaQuest LLC boosted its holdings in RE/MAX by 39.2% during the 4th quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 3,329 shares during the period. Hedge funds and other institutional investors own 93.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on RMAX. Wall Street Zen cut RE/MAX from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 30th. Keefe, Bruyette & Woods dropped their price target on RE/MAX from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th.

RE/MAX Stock Up 3.5%

Shares of RE/MAX stock opened at $7.88 on Friday. The stock’s 50-day simple moving average is $7.57 and its 200-day simple moving average is $9.38. RE/MAX Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $14.31. The company has a market capitalization of $157.09 million, a price-to-earnings ratio of 22.51 and a beta of 1.17.

Insider Transactions at RE/MAX

In other news, EVP Abigail C. Lee sold 10,000 shares of RE/MAX stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $7.78, for a total value of $77,800.00. Following the completion of the transaction, the executive vice president now owns 151,874 shares in the company, valued at approximately $1,181,579.72. The trade was a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

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.