Roger Dow Sells 9,100 Shares of RE/MAX (NYSE:RMAX) Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) Director Roger Dow sold 9,100 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $9.37, for a total transaction of $85,267.00. Following the completion of the transaction, the director owned 55,961 shares in the company, valued at approximately $524,354.57. This trade represents a 13.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

RE/MAX Stock Performance

Shares of RMAX opened at $9.14 on Friday. RE/MAX Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $14.31. The firm has a market cap of $182.97 million, a P/E ratio of 19.44 and a beta of 1.17. The firm’s 50-day simple moving average is $9.06 and its 200 day simple moving average is $8.34.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RMAX. 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 report on Saturday, September 13th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $9.00.

Institutional Trading of RE/MAX

Several large investors have recently made changes to their positions in the company. Magnolia Group LLC boosted its position in shares of RE/MAX by 0.8% during the 1st quarter. Magnolia Group LLC now owns 3,247,929 shares of the financial services provider’s stock worth $27,185,000 after acquiring an additional 26,798 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of RE/MAX by 80.7% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 492,139 shares of the financial services provider’s stock worth $4,026,000 after acquiring an additional 219,859 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of RE/MAX by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 437,340 shares of the financial services provider’s stock worth $3,578,000 after acquiring an additional 11,760 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of RE/MAX by 35.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 272,785 shares of the financial services provider’s stock worth $2,231,000 after acquiring an additional 71,301 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of RE/MAX by 4.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 266,056 shares of the financial services provider’s stock worth $2,176,000 after acquiring an additional 11,843 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

About RE/MAX

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.