Segall Bryant & Hamill LLC Makes New Investment in RE/MAX Holdings, Inc. $RMAX

Segall Bryant & Hamill LLC purchased a new position in RE/MAX Holdings, Inc. (NYSE:RMAX) during the first quarter, Holdings Channel reports. The fund purchased 149,552 shares of the financial services provider’s stock, valued at approximately $861,000.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of RE/MAX during the 1st quarter worth $30,000. Harbor Capital Advisors Inc. raised its position in RE/MAX by 20.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 7,698 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,317 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in RE/MAX during the fourth quarter valued at about $76,000. Public Employees Retirement System of Ohio lifted its stake in RE/MAX by 28.5% during the first quarter. Public Employees Retirement System of Ohio now owns 14,434 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Aaron Wealth Advisors LLC bought a new stake in RE/MAX during the first quarter worth about $84,000. 93.17% of the stock is owned by institutional investors.

RE/MAX Stock Up 0.1%

RE/MAX stock opened at $9.71 on Thursday. The firm has a fifty day simple moving average of $9.96 and a two-hundred day simple moving average of $8.28. RE/MAX Holdings, Inc. has a twelve month low of $5.46 and a twelve month high of $11.81. The company has a market capitalization of $206.10 million, a PE ratio of 970.80 and a beta of 1.82.

RE/MAX (NYSE:RMAX) last announced its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The company had revenue of $53.36 million for the quarter, compared to the consensus estimate of $73.21 million. RE/MAX had a net margin of 0.13% and a negative return on equity of 90.29%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of RE/MAX in a report on Friday, July 24th. JonesTrading raised RE/MAX from a “hold” rating to a “buy” rating and set a $13.80 target price for the company in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.80.

RE/MAX Profile

RE/MAX Holdings, Inc (NYSE:RMAX) is a global franchisor of real estate brokerage services, offering residential and commercial property transaction support through a network of independently owned and operated offices. The company provides marketing, training, technology platforms and brand recognition for its affiliated agents, facilitating property buying, selling and leasing activities. In addition to core brokerage services, RE/MAX offers ancillary solutions such as mortgage referral, title and escrow coordination, relocation assistance and luxury market specialization.

Established in 1973 by David and Gail Liniger in Denver, Colorado, RE/MAX pioneered a high-commission, agent-driven model designed to attract experienced real estate professionals.