1 week Ago By Defense World Staff
Norges Bank acquired a new stake in RE/MAX Holdings, Inc. ( NYSE:RMAX – Free Report ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 99,200 shares of the financial services provider’s stock, valued at approximately $1,058,000.
Norges Bank owned about 0.53% of RE/MAX as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors have also recently bought and sold shares of the company.
Harbor Capital Advisors Inc. raised its position in shares of RE/MAX by 31.5% in the 4th quarter.
Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,336 shares during the period. AlphaQuest LLC boosted its position in shares of RE/MAX by 39.
2% during the fourth quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 3,329 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of RE/MAX in the 3rd quarter valued at $135,000.
XTX Topco Ltd acquired a new position in shares of RE/MAX in the 3rd quarter valued at $145,000. Finally, Proficio Capital Partners LLC acquired a new stake in RE/MAX during the 4th quarter worth $190,000. Institutional investors and hedge funds own 93.
17% of the company’s stock. Analyst Upgrades and Downgrades Separately, StockNews.com raised RE/MAX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 27th.
RE/MAX Stock Performance Shares of RMAX stock opened at $7.17 on Friday. The company has a market capitalization of $136.
13 million, a P/E ratio of 20.49 and a beta of 1.25.
RE/MAX Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $14.
31. The company’s 50 day moving average price is $8.89 and its two-hundred day moving average price is $10.
61. RE/MAX ( NYSE:RMAX – Get Free Report ) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.
19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.10).
The firm had revenue of $72.47 million during the quarter, compared to analyst estimates of $74.34 million.
RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%.
Analysts forecast that RE/MAX Holdings, Inc. will post 0.89 earnings per share for the current year.
RE/MAX Company Profile ( Free Report ) 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.
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