RE/MAX Holdings, Inc. (RMAX) Position Held by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. maintained its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,526 shares of the financial services provider’s stock at the close of the second quarter. UBS Asset Management Americas Inc.’s holdings in RE/MAX Holdings were worth $254,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of RMAX. BlackRock Inc. grew its position in RE/MAX Holdings by 27,449.3% during the first quarter. BlackRock Inc. now owns 2,300,092 shares of the financial services provider’s stock worth $136,741,000 after buying an additional 2,291,743 shares during the period. Teachers Advisors LLC grew its position in shares of RE/MAX Holdings by 428.7% in the first quarter. Teachers Advisors LLC now owns 155,769 shares of the financial services provider’s stock valued at $9,260,000 after purchasing an additional 126,307 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of RE/MAX Holdings in the second quarter valued at approximately $4,529,000. Vanguard Group Inc. grew its position in shares of RE/MAX Holdings by 9.7% in the first quarter. Vanguard Group Inc. now owns 855,962 shares of the financial services provider’s stock valued at $50,887,000 after purchasing an additional 75,595 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of RE/MAX Holdings by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 606,702 shares of the financial services provider’s stock valued at $36,067,000 after purchasing an additional 58,603 shares during the last quarter.
RE/MAX Holdings (NYSE:RMAX) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The company had revenue of $48.82 million for the quarter, compared to analysts’ expectations of $48.29 million. RE/MAX Holdings had a net margin of 12.45% and a return on equity of 79.94%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of Infinity. RE/MAX Holdings’s dividend payout ratio is currently 54.96%.
RMAX has been the topic of several research reports. BidaskClub lowered shares of RE/MAX Holdings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Craig Hallum initiated coverage on shares of RE/MAX Holdings in a research report on Wednesday, August 30th. They issued a “buy” rating and a $75.00 price target on the stock. Zacks Investment Research lowered shares of RE/MAX Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies initiated coverage on shares of RE/MAX Holdings in a research report on Thursday, September 28th. They issued an “overweight” rating and a $69.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $64.67.
RE/MAX Holdings Profile
RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.
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