Swiss National Bank Acquires 800 Shares of Re/Max Holdings Inc (NYSE:RMAX)

Swiss National Bank grew its holdings in Re/Max Holdings Inc (NYSE:RMAX) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,100 shares of the financial services provider’s stock after purchasing an additional 800 shares during the quarter. Swiss National Bank’s holdings in Re/Max were worth $1,018,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Re/Max by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 800,283 shares of the financial services provider’s stock valued at $24,609,000 after buying an additional 20,881 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Re/Max by 363.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,271 shares of the financial services provider’s stock valued at $126,000 after buying an additional 2,565 shares during the last quarter. Bank of Montreal Can lifted its position in Re/Max by 36.1% during the 1st quarter. Bank of Montreal Can now owns 1,969 shares of the financial services provider’s stock worth $77,000 after buying an additional 522 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Re/Max by 81.5% in the first quarter. SG Americas Securities LLC now owns 7,043 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 3,163 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its position in shares of Re/Max by 48.5% during the first quarter. First Republic Investment Management Inc. now owns 13,680 shares of the financial services provider’s stock worth $527,000 after purchasing an additional 4,470 shares in the last quarter.

Several analysts have recently commented on the stock. Zacks Investment Research cut shares of Re/Max from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. ValuEngine upgraded shares of Re/Max from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Compass Point downgraded Re/Max from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $42.00 to $31.00 in a report on Tuesday, August 6th. Stephens increased their price objective on Re/Max from $31.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, Craig Hallum raised Re/Max from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Re/Max currently has an average rating of “Hold” and a consensus price target of $39.60.

Re/Max stock traded up $0.22 during trading hours on Wednesday, reaching $27.59. 201 shares of the company’s stock traded hands, compared to its average volume of 186,990. The firm has a market capitalization of $473.11 million, a price-to-earnings ratio of 13.58 and a beta of 1.19. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.14 and a current ratio of 2.14. Re/Max Holdings Inc has a fifty-two week low of $24.67 and a fifty-two week high of $47.70. The firm’s 50 day moving average is $27.05 and its 200-day moving average is $33.64.

Re/Max (NYSE:RMAX) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. Re/Max had a net margin of 11.03% and a return on equity of 73.12%. The company had revenue of $71.40 million during the quarter, compared to analysts’ expectations of $72.26 million. During the same quarter in the previous year, the company earned $0.62 EPS. Re/Max’s revenue was up 31.5% on a year-over-year basis. Analysts predict that Re/Max Holdings Inc will post 1.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.04%. Re/Max’s payout ratio is presently 41.58%.

Re/Max Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.

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Institutional Ownership by Quarter for Re/Max (NYSE:RMAX)

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