RE/MAX Holdings, Inc. $RMAX Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 13.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 47,998 shares of the financial services provider’s stock after selling 7,624 shares during the period. Cubist Systematic Strategies LLC owned 0.25% of RE/MAX worth $402,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in RMAX. Magnolia Group LLC increased its holdings in shares of RE/MAX by 0.8% during the first quarter. Magnolia Group LLC now owns 3,247,929 shares of the financial services provider’s stock valued at $27,185,000 after purchasing an additional 26,798 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of 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 valued at $3,275,000 after purchasing an additional 6,257 shares during the period. Northern Trust Corp boosted its position in shares of RE/MAX by 1.0% in the 4th quarter. Northern Trust Corp now owns 164,217 shares of the financial services provider’s stock valued at $1,752,000 after purchasing an additional 1,572 shares during the period. Nuveen LLC acquired a new position in shares of RE/MAX in the 1st quarter valued at $1,342,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in RE/MAX by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 156,099 shares of the financial services provider’s stock worth $1,307,000 after acquiring an additional 4,320 shares in the last quarter. Institutional investors own 93.17% of the company’s stock.

RE/MAX Price Performance

Shares of RMAX stock opened at $9.34 on Thursday. The stock’s fifty day simple moving average is $8.58 and its 200 day simple 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. RE/MAX Holdings, Inc. has a one year low of $6.90 and a one year high of $14.31.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded RE/MAX from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.