Public Employees Retirement System of Ohio Sells 1,700 Shares of RE/MAX Holdings, Inc. $RMAX

Public Employees Retirement System of Ohio trimmed its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 13.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,234 shares of the financial services provider’s stock after selling 1,700 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of RE/MAX worth $92,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RMAX. Strs Ohio bought a new stake in shares of RE/MAX in the first quarter valued at about $30,000. State of Wyoming lifted its stake in shares of RE/MAX by 41.3% in the first quarter. State of Wyoming now owns 11,990 shares of the financial services provider’s stock valued at $100,000 after buying an additional 3,506 shares during the period. Brandywine Global Investment Management LLC lifted its stake in shares of RE/MAX by 12.5% in the first 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 period. Dynamic Technology Lab Private Ltd bought a new stake in shares of RE/MAX in the first quarter valued at about $129,000. Finally, GAMMA Investing LLC lifted its stake in shares of RE/MAX by 913.8% in the first 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 period. Institutional investors own 93.17% of the company’s stock.

RE/MAX Trading Down 3.3%

NYSE RMAX opened at $8.43 on Wednesday. The firm has a market cap of $168.75 million, a price-to-earnings ratio of 17.93 and a beta of 1.17. The company has a 50 day moving average of $9.07 and a 200-day moving average of $8.33. RE/MAX Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $14.31.

Analyst Upgrades and Downgrades

RMAX has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of RE/MAX in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $9.00.

Insider Buying and Selling at RE/MAX

In related news, Director Roger J. Dow sold 9,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $9.37, for a total value of $85,267.00. Following the completion of the sale, the director owned 55,961 shares of the company’s stock, valued at $524,354.57. This trade represents a 13.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.80% of the stock is currently owned by corporate insiders.

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.