XTX Topco Ltd Takes $145,000 Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

XTX Topco Ltd purchased a new position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 11,675 shares of the financial services provider’s stock, valued at approximately $145,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RMAX. nVerses Capital LLC increased its stake in RE/MAX by 566.7% during the 3rd quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,700 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of RE/MAX by 7.6% in the second quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 2,054 shares during the last quarter. Empowered Funds LLC increased its position in shares of RE/MAX by 5.2% during the third quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 2,814 shares in the last quarter. Algert Global LLC raised its stake in RE/MAX by 21.3% in the 2nd quarter. Algert Global LLC now owns 18,287 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,217 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in RE/MAX by 19,729.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 5,327 shares in the last quarter. 93.17% of the stock is owned by hedge funds and other institutional investors.

RE/MAX Price Performance

RMAX stock opened at $11.05 on Friday. RE/MAX Holdings, Inc. has a 1 year low of $6.94 and a 1 year high of $14.31. The firm has a market capitalization of $208.54 million, a PE ratio of -20.46 and a beta of 1.34. The business has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $10.77.

Insider Buying and Selling at RE/MAX

In other news, major shareholder Adam K. Peterson purchased 27,366 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $10.96 per share, with a total value of $299,931.36. Following the transaction, the insider now owns 3,178,040 shares in the company, valued at $34,831,318.40. The trade was a 0.87 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

RE/MAX Company Profile

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.