Adam K. Peterson Acquires 15,000 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) major shareholder Adam K. Peterson acquired 15,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were acquired at an average price of $10.30 per share, with a total value of $154,500.00. Following the completion of the purchase, the insider now owns 3,236,131 shares in the company, valued at approximately $33,332,149.30. This trade represents a 0.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

RE/MAX Trading Down 3.0 %

RE/MAX stock opened at $10.35 on Friday. The firm has a market cap of $195.33 million, a PE ratio of -19.17 and a beta of 1.34. The stock’s 50 day simple moving average is $11.95 and its two-hundred day simple moving average is $10.95. RE/MAX Holdings, Inc. has a 12 month low of $6.94 and a 12 month high of $14.31.

Institutional Trading of RE/MAX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of RE/MAX by 145.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 120,247 shares of the financial services provider’s stock worth $1,497,000 after acquiring an additional 71,215 shares in the last quarter. Barclays PLC grew its holdings in RE/MAX by 248.3% in the third quarter. Barclays PLC now owns 25,933 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 18,488 shares during the period. Geode Capital Management LLC increased its position in shares of RE/MAX by 1.9% in the third quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider’s stock valued at $5,178,000 after buying an additional 7,688 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of RE/MAX during the 3rd quarter worth approximately $145,000. Finally, State Street Corp lifted its position in shares of RE/MAX by 6.6% during the 3rd quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock valued at $5,424,000 after buying an additional 27,131 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a research 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.17.

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.