Invesco Ltd. Decreases Stock Position in RE/MAX Holdings, Inc. $RMAX

Invesco Ltd. lessened its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,327 shares of the financial services provider’s stock after selling 7,766 shares during the quarter. Invesco Ltd. owned approximately 0.33% of RE/MAX worth $530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in RE/MAX by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,887 shares of the financial services provider’s stock valued at $266,000 after buying an additional 1,154 shares during the period. Northern Trust Corp grew its position in RE/MAX by 1.0% during the fourth quarter. Northern Trust Corp now owns 164,217 shares of the financial services provider’s stock valued at $1,752,000 after buying an additional 1,572 shares during the period. Wells Fargo & Company MN grew its position in RE/MAX by 27.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,286 shares during the period. Meeder Asset Management Inc. grew its position in RE/MAX by 8.7% during the first quarter. Meeder Asset Management Inc. now owns 29,007 shares of the financial services provider’s stock valued at $243,000 after buying an additional 2,331 shares during the period. Finally, Two Sigma Advisers LP grew its position in RE/MAX by 19.3% during the fourth quarter. Two Sigma Advisers LP now owns 17,300 shares of the financial services provider’s stock valued at $185,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 93.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of RE/MAX from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.00.

RE/MAX Trading Up 3.0%

RMAX opened at $9.69 on Friday. The firm has a market capitalization of $193.99 million, a PE ratio of 20.61 and a beta of 1.17. RE/MAX Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $14.31. The firm’s 50-day moving average price is $8.51 and its 200 day moving average price is $8.24.

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.