Re (NYSE:RMAX) Shifting Institutional Investors Sentiment

December 20, 2017 - By Richard Conner

 Re (NYSE:RMAX) Shifting Institutional Investors Sentiment

Sentiment for Re (NYSE:RMAX)

Re (NYSE:RMAX) institutional sentiment increased to 1.19 in 2017 Q2. Its up 0.07, from 1.12 in 2017Q1. The ratio is more positive, as 64 investment professionals increased and opened new equity positions, while 54 reduced and sold their holdings in Re. The investment professionals in our partner’s database now have: 17.88 million shares, down from 18.27 million shares in 2017Q1. Also, the number of investment professionals holding Re in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 42 Increased: 51 New Position: 13.

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company has market cap of $1.41 billion. The firm offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It has a 35.28 P/E ratio.

The stock decreased 2.82% or $1.35 during the last trading session, reaching $46.5. About 251,033 shares traded or 99.59% up from the average. RE/MAX Holdings, Inc. (NYSE:RMAX) has risen 40.84% since December 20, 2016 and is uptrending. It has outperformed by 24.14% the S&P500.

Van Berkom & Associates Inc. holds 2.29% of its portfolio in RE/MAX Holdings, Inc. for 1.13 million shares. Copper Rock Capital Partners Llc owns 394,797 shares or 1.42% of their US portfolio. Moreover, Kayne Anderson Rudnick Investment Management Llc has 0.87% invested in the company for 1.55 million shares. The Ontario – Canada-based Burgundy Asset Management Ltd. has invested 0.74% in the stock. Granite Investment Partners Llc, a California-based fund reported 166,795 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 1 sale for $72,000 activity.

RE/MAX Holdings, Inc. (NYSE:RMAX) Ratings Coverage

Ratings analysis reveals 23% of RE/MAX Holdings’s analysts are positive. Out of 13 Wall Street analysts rating RE/MAX Holdings, 3 give it “Buy”, 3 “Sell” rating, while 7 recommend “Hold”. The lowest target is $30 while the high is $75. The stock’s average target of $51.88 is 11.57% above today’s ($46.5) share price. RMAX was included in 14 notes of analysts from August 11, 2015. The rating was downgraded by Compass Point on Wednesday, August 19 to “Neutral”. The firm earned “Underperform” rating on Friday, June 30 by Bank of America. Wood initiated the stock with “Market Perform” rating in Thursday, March 31 report. The rating was downgraded by J.P. Morgan to “Sell” on Friday, December 15. The firm has “Neutral” rating by Wedbush given on Wednesday, March 15. Morgan Stanley downgraded the stock to “Equal Weight” rating in Wednesday, August 19 report. The stock has “Equal-Weight” rating by Stephens on Monday, August 7. JMP Securities maintained RE/MAX Holdings, Inc. (NYSE:RMAX) on Tuesday, August 11 with “Market Underperform” rating. The firm earned “Underweight” rating on Friday, December 15 by JP Morgan. As per Thursday, September 28, the company rating was initiated by Piper Jaffray.

More important recent RE/MAX Holdings, Inc. (NYSE:RMAX) news were published by: Businesswire.com which released: “Robbins Arroyo LLP is Investigating the Officers and Directors of RE/MAX …” on November 21, 2017, also Denverpost.com published article titled: “Investors put for sale sign on Re/Max shares”, Prnewswire.com published: “RE/MAX INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn …” on December 16, 2017. More interesting news about RE/MAX Holdings, Inc. (NYSE:RMAX) was released by: Businesswire.com and their article: “EQUITY ALERT: Rosen Law Firm Continues Investigation of Securities Claims …” with publication date: December 15, 2017.

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