BNP Paribas Arbitrage SA lifted its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 62.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,489 shares of the financial services provider’s stock after acquiring an additional 3,660 shares during the quarter. BNP Paribas Arbitrage SA owned 0.05% of RE/MAX worth $603,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Stevens Capital Management LP purchased a new position in shares of RE/MAX in the third quarter valued at $321,000. Crossmark Global Holdings Inc. purchased a new position in shares of RE/MAX in the third quarter valued at $234,000. Aperio Group LLC grew its position in shares of RE/MAX by 31.9% in the third quarter. Aperio Group LLC now owns 4,975 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 1,204 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of RE/MAX in the second quarter valued at $215,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of RE/MAX by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,713 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 276 shares in the last quarter.
Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) traded up $0.05 during mid-day trading on Friday, reaching $48.50. The company’s stock had a trading volume of 85,068 shares, compared to its average volume of 152,851. The company has a debt-to-equity ratio of 3.29, a quick ratio of 10.83 and a current ratio of 10.83. RE/MAX Holdings, Inc. has a 52-week low of $45.55 and a 52-week high of $67.50. The company has a market capitalization of $857.37, a price-to-earnings ratio of 37.02, a P/E/G ratio of 3.62 and a beta of 0.80.
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RE/MAX Company Profile
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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