MetLife Investment Management LLC Sells 2,722 Shares of RE/MAX Holdings, Inc. $RMAX

MetLife Investment Management LLC lowered its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 28.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,973 shares of the financial services provider’s stock after selling 2,722 shares during the period. MetLife Investment Management LLC’s holdings in RE/MAX were worth $58,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming bought a new stake in shares of RE/MAX in the 4th quarter valued at about $91,000. Brandywine Global Investment Management LLC grew its position in shares of RE/MAX by 12.5% in the 1st quarter. Brandywine Global Investment Management LLC now owns 14,370 shares of the financial services provider’s stock valued at $120,000 after buying an additional 1,600 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of 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 valued at $158,000 after buying an additional 3,934 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of RE/MAX in the 4th quarter valued at about $162,000. Finally, GAMMA Investing LLC grew its position in shares of RE/MAX by 913.8% in the 1st quarter. GAMMA Investing LLC now owns 15,978 shares of the financial services provider’s stock valued at $134,000 after buying an additional 14,402 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.

RE/MAX Price Performance

Shares of RE/MAX stock opened at $9.34 on Thursday. RE/MAX Holdings, Inc. has a one year low of $6.90 and a one year high of $14.31. The stock’s 50-day moving average is $8.58 and its 200 day moving average is $8.23. The firm has a market cap of $187.08 million, a price-to-earnings ratio of 19.87 and a beta of 1.17.

Analyst Ratings Changes

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

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.