Meeder Asset Management Inc. Has $285,000 Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Meeder Asset Management Inc. increased its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 171.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,676 shares of the financial services provider’s stock after purchasing an additional 16,846 shares during the period. Meeder Asset Management Inc.’s holdings in RE/MAX were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of RE/MAX in the 3rd quarter valued at $193,000. FMR LLC grew its position in RE/MAX by 30.2% in the third quarter. FMR LLC now owns 40,923 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 9,491 shares during the last quarter. BNP Paribas Financial Markets raised its stake in RE/MAX by 23.3% during the third quarter. BNP Paribas Financial Markets now owns 54,101 shares of the financial services provider’s stock worth $674,000 after acquiring an additional 10,207 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of RE/MAX in the third quarter worth about $143,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of RE/MAX in the 3rd quarter valued at approximately $135,000. 93.17% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Adam K. Peterson purchased 11,798 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was bought at an average price of $9.64 per share, with a total value of $113,732.72. Following the completion of the purchase, the insider now owns 3,247,929 shares in the company, valued at approximately $31,310,035.56. This represents a 0.36 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of RE/MAX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 27th.

RE/MAX Stock Down 2.0 %

Shares of RMAX stock opened at $8.39 on Tuesday. The firm has a market capitalization of $159.17 million, a P/E ratio of 23.96 and a beta of 1.32. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $14.31. The stock’s fifty day simple moving average is $9.45 and its 200 day simple moving average is $10.96.

RE/MAX (NYSE:RMAX) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.10). RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. The firm had revenue of $72.47 million during the quarter, compared to analyst estimates of $74.34 million. As a group, equities research analysts expect that RE/MAX Holdings, Inc. will post 0.89 EPS for the current fiscal year.

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.