Institutional Investors Sentiment Indicator of Re (NYSE:RMAX) Improves in Q1 2018

September 8, 2018 - By Matthew Richard

RE/MAX Holdings, Inc. (NYSE:RMAX) Logo

Sentiment for Re (NYSE:RMAX)

Re (NYSE:RMAX) institutional sentiment increased to 1.19 in Q1 2018. Its up 0.05, from 1.14 in 2017Q4. The ratio has increased, as 69 investment professionals started new and increased holdings, while 58 sold and decreased their stakes in Re. The investment professionals in our partner’s database now own: 17.69 million shares, down from 17.83 million shares in 2017Q4. Also, the number of investment professionals holding Re in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 14 Reduced: 44 Increased: 54 New Position: 15.

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company has market cap of $1.45 billion. The firm offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It has a 63.85 P/E ratio.

The stock decreased 0.93% or $0.45 during the last trading session, reaching $47.95. About 94,983 shares traded. RE/MAX Holdings, Inc. (NYSE:RMAX) has declined 1.20% since September 8, 2017 and is downtrending. It has underperformed by 13.77% the S&P500.

Analysts await RE/MAX Holdings, Inc. (NYSE:RMAX) to report earnings on November, 1. RMAX’s profit will be $18.79 million for 19.33 P/E if the $0.62 EPS becomes a reality.

Van Berkom & Associates Inc. holds 2.55% of its portfolio in RE/MAX Holdings, Inc. for 1.39 million shares. Burgundy Asset Management Ltd. owns 1.53 million shares or 0.86% of their US portfolio. Moreover, Kayne Anderson Rudnick Investment Management Llc has 0.73% invested in the company for 1.62 million shares. The Florida-based Gator Capital Management Llc has invested 0.38% in the stock. Nelson Van Denburg & Campbell Wealth Management Group Llc, a Nebraska-based fund reported 8,946 shares.

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $357,395 activity.

RE/MAX Holdings, Inc. (NYSE:RMAX) Ratings Coverage

Ratings analysis reveals 50% of Re/Max Holdings’s analysts are positive. Out of 2 Wall Street analysts rating Re/Max Holdings, 1 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $59 while the high is $67.0. The stock’s average target of $63 is 31.39% above today’s ($47.95) share price. RMAX was included in 2 notes of analysts from March 15, 2018. The firm has “Buy” rating by Piper Jaffray given on Thursday, March 15. The stock has “Underweight” rating by JP Morgan on Wednesday, March 28.

RE/MAX Holdings, Inc. (NYSE:RMAX) Institutional Positions Chart

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