Swiss National Bank Has $1,119,000 Position in RE/MAX Holdings Inc. (RMAX)
Swiss National Bank boosted its position in shares of RE/MAX Holdings Inc. (NYSE:RMAX) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 27,800 shares of the company’s stock after buying an additional 1,500 shares during the period. Swiss National Bank owned about 0.16% of RE/MAX Holdings worth $1,119,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Bank of Montreal Can bought a new position in RE/MAX Holdings during the second quarter worth approximately $196,000. Harvest Capital Strategies LLC bought a new position in RE/MAX Holdings during the first quarter worth approximately $197,000. Highland Capital Management LLC bought a new position in RE/MAX Holdings during the second quarter worth approximately $202,000. 1st Global Advisors Inc. bought a new position in RE/MAX Holdings during the second quarter worth approximately $205,000. Finally, Capstone Asset Management Co. bought a new position in RE/MAX Holdings during the second quarter worth approximately $213,000.
RE/MAX Holdings Inc. (NYSE:RMAX) traded up 0.85% during mid-day trading on Friday, hitting $43.78. 52,362 shares of the company were exchanged. The firm has a 50 day moving average price of $42.29 and a 200 day moving average price of $39.83. The stock has a market cap of $772.50 million, a price-to-earnings ratio of 32.50 and a beta of 0.88. RE/MAX Holdings Inc. has a 12 month low of $30.22 and a 12 month high of $44.60.
RE/MAX Holdings (NYSE:RMAX) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm earned $43.40 million during the quarter, compared to analysts’ expectations of $40.31 million. RE/MAX Holdings had a return on equity of 98.41% and a net margin of 11.87%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. Analysts anticipate that RE/MAX Holdings Inc. will post $3.80 EPS for the current fiscal year.
Several analysts have recently issued reports on RMAX shares. Zacks Investment Research raised shares of RE/MAX Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of RE/MAX Holdings from $34.00 to $41.00 and gave the stock a “market perform” rating in a research note on Monday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $42.67.
RE/MAX Holdings Company Profile
RE/MAX Holdings, Inc is a franchisor of real estate brokerage services. The Company is engaged in the business of recruiting and retaining agents, and selling franchises. The Company operates in two segments: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the operations of its owned and independent global franchising operations, and corporate-wide professional services expenses.
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