Live Price Coverage: Is Buying 52-Week Stock Like Re Max Holdings Inc a Winning Strategy?

Live Price Coverage: Is Buying 52 Week Stock Like Re Max Holdings Inc a Winning Strategy?

The stock of Re Max Holdings Inc (NYSE:RMAX) hit a new 52-week high and has $67.39 target or 44.00% above today’s $46.80 share price. The 9 months bullish chart indicates low risk for the $825.82 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $67.39 price target is reached, the company will be worth $363.36 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 69,288 shares traded hands or 0.16% up from the average. Re Max Holdings Inc (NYSE:RMAX) has risen 29.61% since April 5, 2016 and is uptrending. It has outperformed by 27.66% the S&P500.

Re Max Holdings Inc (NYSE:RMAX) Ratings Coverage

Out of 4 analysts covering RE/MAX Holdings (NYSE:RMAX), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. RE/MAX Holdings has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by Compass Point on Wednesday, August 19 to “Neutral”. The stock has “Mkt Perform” rating given by JMP Securities on Wednesday, November 18. The stock has “Market Underperform” rating given by JMP Securities on Tuesday, August 11. The stock of Re Max Holdings Inc (NYSE:RMAX) earned “Market Perform” rating by Wood on Thursday, March 31. On Wednesday, August 19 the stock rating was downgraded by Morgan Stanley to “Equal Weight”.

According to Zacks Investment Research, “Re/Max Holdings, Inc. is a franchisor of real estate brokerage services. Re/Max Holdings, Inc. is based in Denver, CO.”

Insitutional Activity: The institutional sentiment decreased to 1.55 in 2016 Q2. Its down 1.39, from 2.94 in 2016Q1. The ratio dropped, as 15 funds sold all Re Max Holdings Inc shares owned while 34 reduced positions. 18 funds bought stakes while 58 increased positions. They now own 18.14 million shares or 1.53% more from 17.87 million shares in 2016Q1.
Sei accumulated 1,529 shares or 0% of the stock. Tower Research Capital Lc (Trc) last reported 0% of its portfolio in the stock. Great Lakes Advsr Limited Liability Corp has invested 0.03% of its portfolio in Re Max Holdings Inc (NYSE:RMAX). Putnam Invests Limited Liability Corporation holds 1.63M shares or 0.16% of its portfolio. Schwab Charles Invest Mngmt owns 165,631 shares or 0.01% of their US portfolio. Voya Mngmt Limited Co, a Georgia-based fund reported 30,701 shares. Comerica Bancorp has 0.01% invested in the company for 17,711 shares. Loomis Sayles & Lp owns 311 shares or 0% of their US portfolio. The New York-based Metropolitan Life Ny has invested 0% in Re Max Holdings Inc (NYSE:RMAX). Blackrock Advisors Llc holds 0% or 22,515 shares in its portfolio. Pnc Service Group last reported 0% of its portfolio in the stock. First Trust Advsr Limited Partnership holds 65,106 shares or 0.01% of its portfolio. Ubs Asset Management Americas Incorporated last reported 5,900 shares in the company. First Republic Investment Mngmt has invested 0% of its portfolio in Re Max Holdings Inc (NYSE:RMAX). Alpha Windward Ltd Liability Com owns 10,380 shares or 0.3% of their US portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 3 insider sales for $104,285 net activity. LEWIS GEOFFREY D sold $30,000 worth of stock. 1,564 shares were sold by Contos Adam M., worth $59,770. On Monday, May 16 the insider Predovich Daniel J. sold $43,535.

More important recent Re Max Holdings Inc (NYSE:RMAX) news were published by: Prnewswire.com which released: “RE/MAX Holdings, Inc. Launches Motto Mortgage” on October 25, 2016, also Bloomberg.com published article titled: “Re/Max Holdings Climbs on Plan to Join S&P SmallCap 600 Index”, Bizjournals.com published: “Interview: Re/Max founder Dave Liniger on his new company, Motto Mortgage” on October 28, 2016. More interesting news about Re Max Holdings Inc (NYSE:RMAX) was released by: Nasdaq.com and their article: “RE/MAX Holdings (RMAX) Q3 Earnings: What’s in the Cards?” with publication date: November 01, 2016.

RMAX Company Profile

RE/MAX Holdings, Inc., incorporated on June 25, 2013, is a franchisor of real estate brokerage services. The Firm is engaged in the business of recruiting and retaining agents, and selling franchises. The Firm operates in two divisions: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the activities of the Company’s owned and independent global franchising operations, and corporate-wide professional services expenses. The Brokerages segment contains the activities of its owned brokerage offices in the United States, the results of activities of a mortgage brokerage company, in which it owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entities. The Company’s franchisees operate under the RE/MAX brand name. In the United States and Canada, it owns over 10 of over 30 regional franchises, representing over 55% of its the United States and Canada agent count. The remaining over 20 regional franchises, representing over 45% of its the United States and Canada agent count, are Independent Regions.

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