Insider Selling: RE/MAX Holdings, Inc. (NYSE:RMAX) President Sells 1,200 Shares of Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) President Geoffrey D. Lewis sold 1,200 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $60.00, for a total value of $72,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Geoffrey D. Lewis also recently made the following trade(s):

  • On Thursday, July 27th, Geoffrey D. Lewis sold 200 shares of RE/MAX Holdings stock. The stock was sold at an average price of $60.00, for a total transaction of $12,000.00.

Shares of RE/MAX Holdings, Inc. (RMAX) traded down 0.59% during midday trading on Friday, reaching $58.55. 63,315 shares of the company were exchanged. The company’s 50-day moving average price is $58.71 and its 200 day moving average price is $57.21. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 44.42 and a beta of 0.93. RE/MAX Holdings, Inc. has a 52-week low of $40.41 and a 52-week high of $66.10.

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 for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. RE/MAX Holdings had a net margin of 12.45% and a return on equity of 79.94%. The business had revenue of $48.82 million during the quarter, compared to the consensus estimate of $48.29 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts predict that RE/MAX Holdings, Inc. will post $1.90 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, August 14th. RE/MAX Holdings’s payout ratio is 54.96%.

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Several equities research analysts have recently weighed in on RMAX shares. Zacks Investment Research upgraded shares of RE/MAX Holdings from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Thursday, April 27th. Bank of America Corporation downgraded shares of RE/MAX Holdings from a “neutral” rating to an “underperform” rating and set a $56.00 target price for the company. in a research note on Friday, June 30th. BidaskClub upgraded shares of RE/MAX Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Stephens downgraded shares of RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 target price for the company. in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $61.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in RE/MAX Holdings by 27,449.3% in 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 last quarter. Teachers Advisors LLC raised its position in 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 worth $9,260,000 after buying an additional 126,307 shares during the last quarter. Bank of New York Mellon Corp raised its position in RE/MAX Holdings by 29.2% in the first quarter. Bank of New York Mellon Corp now owns 446,973 shares of the financial services provider’s stock worth $26,574,000 after buying an additional 101,083 shares during the last quarter. American Century Companies Inc. purchased a new position in RE/MAX Holdings during the second quarter worth about $4,529,000. Finally, Vanguard Group Inc. raised its position in 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 worth $50,887,000 after buying an additional 75,595 shares during the last quarter.

About RE/MAX Holdings

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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