RE/MAX Holdings, Inc. (NYSE:RMAX) Major Shareholder Purchases $142,496.20 in Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) major shareholder Adam K. Peterson purchased 13,636 shares of the business’s stock in a transaction on Monday, December 30th. The shares were purchased at an average price of $10.45 per share, with a total value of $142,496.20. Following the acquisition, the insider now directly owns 3,221,131 shares in the company, valued at $33,660,818.95. This represents a 0.43 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

RE/MAX Stock Down 3.0 %

Shares of RMAX opened at $10.35 on Friday. RE/MAX Holdings, Inc. has a 52-week low of $6.94 and a 52-week high of $14.31. The company has a market cap of $195.33 million, a PE ratio of -19.17 and a beta of 1.34. The business has a fifty day moving average of $11.95 and a 200 day moving average of $10.95.

Institutional Investors Weigh In On RE/MAX

Several institutional investors have recently made changes to their positions in RMAX. BNP Paribas Financial Markets grew its holdings in RE/MAX by 23.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 54,101 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 10,207 shares during the last quarter. Magnolia Group LLC boosted its position in shares of RE/MAX by 2.8% during the second quarter. Magnolia Group LLC now owns 3,124,152 shares of the financial services provider’s stock valued at $25,306,000 after buying an additional 86,309 shares during the period. State Street Corp grew its stake in shares of RE/MAX by 6.6% during the third 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 during the last quarter. AQR Capital Management LLC raised its holdings in shares of 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 worth $4,187,000 after buying an additional 66,960 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake 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 acquiring an additional 304,694 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research note 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.