RE/MAX Holdings, Inc. (NYSE:RMAX) Major Shareholder Acquires $154,500.00 in Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) major shareholder Adam K. Peterson purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was bought at an average price of $10.30 per share, with a total value of $154,500.00. Following the purchase, the insider now owns 3,236,131 shares of the company’s stock, valued at approximately $33,332,149.30. The trade was a 0.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

RE/MAX Trading Up 2.5 %

Shares of RMAX opened at $10.61 on Friday. The firm has a market cap of $200.23 million, a price-to-earnings ratio of -19.65 and a beta of 1.38. RE/MAX Holdings, Inc. has a 52 week low of $6.94 and a 52 week high of $14.31. The stock has a 50 day moving average of $11.92 and a 200-day moving average of $10.97.

Analyst Ratings Changes

Separately, StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.17.

Hedge Funds Weigh In On RE/MAX

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in shares of RE/MAX by 23.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 54,101 shares of the financial services provider’s stock worth $674,000 after buying an additional 10,207 shares during the last quarter. State Street Corp raised its stake in RE/MAX by 6.6% during the third quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock worth $5,424,000 after acquiring an additional 27,131 shares during the period. Magnolia Group LLC lifted its holdings in RE/MAX by 2.8% in the second quarter. Magnolia Group LLC now owns 3,124,152 shares of the financial services provider’s stock worth $25,306,000 after acquiring an additional 86,309 shares during the last quarter. AQR Capital Management LLC boosted its stake in RE/MAX by 14.9% in the second quarter. AQR Capital Management LLC now owns 516,953 shares of the financial services provider’s stock valued at $4,187,000 after acquiring an additional 66,960 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of RE/MAX by 138.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 524,188 shares of the financial services provider’s stock worth $6,526,000 after purchasing an additional 304,694 shares during the period. Institutional investors and hedge funds own 93.17% of the company’s stock.

About RE/MAX

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.