Charles Schwab Investment Management Inc. Sells 1,132 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

Charles Schwab Investment Management Inc. decreased its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 150,687 shares of the financial services provider’s stock after selling 1,132 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in RE/MAX were worth $1,876,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in RMAX. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of RE/MAX by 229.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 354,651 shares of the financial services provider’s stock valued at $4,415,000 after purchasing an additional 247,131 shares in the last quarter. Quest Partners LLC bought a new stake in RE/MAX in the 3rd quarter valued at $106,000. Empowered Funds LLC raised its stake in shares of RE/MAX by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider’s stock valued at $711,000 after buying an additional 2,814 shares in the last quarter. Metis Global Partners LLC bought a new position in shares of RE/MAX during the 3rd quarter worth about $156,000. Finally, River Global Investors LLP boosted its position in shares of RE/MAX by 4.2% during the 3rd quarter. River Global Investors LLP now owns 188,913 shares of the financial services provider’s stock valued at $2,353,000 after acquiring an additional 7,536 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

RE/MAX Stock Performance

Shares of NYSE RMAX opened at $12.01 on Tuesday. RE/MAX Holdings, Inc. has a 52-week low of $6.94 and a 52-week high of $14.31. The business has a fifty day moving average of $12.24 and a two-hundred day moving average of $10.74. The stock has a market cap of $226.56 million, a PE ratio of -22.23 and a beta of 1.34.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.38.

Insider Buying and Selling

In other RE/MAX news, major shareholder Adam K. Peterson purchased 27,366 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $10.96 per share, for a total transaction of $299,931.36. Following the transaction, the insider now directly owns 3,178,040 shares in the company, valued at approximately $34,831,318.40. The trade was a 0.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 5.99% of the stock is currently owned by corporate insiders.

RE/MAX Company Profile

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.