RE/MAX Holdings, Inc. (NYSE:RMAX) President Geoffrey D. Lewis sold 1,200 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $60.00, for a total value of $72,000.00. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $60.00, for a total value of $12,000.00.

Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) traded down 5.03% during midday trading on Monday, hitting $61.35. The company had a trading volume of 97,850 shares. The company has a market capitalization of $1.09 billion, a P/E ratio of 47.67 and a beta of 0.93. RE/MAX Holdings, Inc. has a 52 week low of $40.41 and a 52 week high of $63.75. The firm’s 50 day moving average is $56.86 and its 200 day moving average is $56.70.

RE/MAX Holdings (NYSE:RMAX) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The company had revenue of $48.82 million for the quarter, compared to analysts’ expectations of $48.29 million. RE/MAX Holdings had a return on equity of 79.94% and a net margin of 12.45%. RE/MAX Holdings’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Equities research analysts anticipate that RE/MAX Holdings, Inc. will post $1.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be paid a $0.18 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.11%. RE/MAX Holdings’s payout ratio is presently 54.96%.

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Several brokerages recently commented on RMAX. BidaskClub upgraded RE/MAX Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded RE/MAX Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Stephens lowered RE/MAX Holdings from an “overweight” rating to an “equal weight” rating in a research report on Monday. Keefe, Bruyette & Woods set a $53.00 target price on RE/MAX Holdings and gave the company a “hold” rating in a research report on Monday, April 10th. Finally, Bank of America Corporation lowered RE/MAX Holdings from a “neutral” rating to an “underperform” rating and set a $56.00 target price on the stock. in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $58.33.

A number of hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in RE/MAX Holdings by 108.2% in the first quarter. Bank of Montreal Can now owns 9,980 shares of the financial services provider’s stock valued at $593,000 after buying an additional 5,187 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in RE/MAX Holdings by 19.7% in the first quarter. Great Lakes Advisors LLC now owns 22,673 shares of the financial services provider’s stock valued at $1,348,000 after buying an additional 3,733 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in RE/MAX Holdings by 836,300.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 25,092 shares of the financial services provider’s stock valued at $1,492,000 after buying an additional 25,089 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in RE/MAX Holdings by 127.3% in the first quarter. Glen Harbor Capital Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $101,000 after buying an additional 952 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in RE/MAX Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the financial services provider’s stock valued at $428,000 after buying an additional 100 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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