Two Sigma Investments LP Raises Stake in RE/MAX Holdings, Inc. (NYSE:RMAX)

Two Sigma Investments LP increased its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 7.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 50,505 shares of the financial services provider’s stock after purchasing an additional 3,590 shares during the period. Two Sigma Investments LP owned 0.27% of RE/MAX worth $539,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State of Wyoming bought a new position in RE/MAX in the 4th quarter worth about $91,000. Sherbrooke Park Advisers LLC bought a new position in RE/MAX in the 4th quarter worth about $183,000. Quantinno Capital Management LP increased its stake in RE/MAX by 36.2% in the 4th quarter. Quantinno Capital Management LP now owns 14,807 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 3,934 shares during the last quarter. Lazard Asset Management LLC bought a new position in RE/MAX in the 4th quarter worth about $162,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in RE/MAX by 2.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 306,924 shares of the financial services provider’s stock worth $3,275,000 after acquiring an additional 6,257 shares during the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

RE/MAX Trading Up 3.5%

Shares of RE/MAX stock opened at $7.88 on Monday. The firm has a market capitalization of $157.09 million, a PE ratio of 22.51 and a beta of 1.17. The business’s 50-day moving average price is $7.57 and its 200-day moving average price is $9.37. RE/MAX Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $14.31.

Insider Buying and Selling

In related news, EVP Abigail C. Lee sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $7.78, for a total transaction of $77,800.00. Following the transaction, the executive vice president now directly owns 151,874 shares in the company, valued at $1,181,579.72. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RMAX shares. Wall Street Zen lowered RE/MAX from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th. Keefe, Bruyette & Woods reduced their price objective on RE/MAX from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th.

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.