Adam K. Peterson Acquires 13,636 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) major shareholder Adam K. Peterson bought 13,636 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were acquired at an average price of $10.45 per share, for a total transaction of $142,496.20. Following the transaction, the insider now owns 3,221,131 shares in the company, valued at approximately $33,660,818.95. This represents a 0.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

RE/MAX Trading Down 3.0 %

RE/MAX stock traded down $0.32 during trading hours on Thursday, reaching $10.35. 123,670 shares of the stock were exchanged, compared to its average volume of 258,362. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $14.31. The company has a market cap of $195.33 million, a P/E ratio of -19.17 and a beta of 1.34. The stock has a 50 day moving average of $11.98 and a two-hundred day moving average of $10.95.

Wall Street Analysts Forecast Growth

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

Institutional Trading of RE/MAX

A number of institutional investors and hedge funds have recently made changes to their positions in RMAX. nVerses Capital LLC raised its position in RE/MAX by 566.7% during the third quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,700 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of RE/MAX in the 3rd quarter valued at $106,000. Quantinno Capital Management LP bought a new position in shares of RE/MAX in the 3rd quarter valued at $135,000. Paloma Partners Management Co acquired a new position in shares of RE/MAX during the 3rd quarter worth $143,000. Finally, XTX Topco Ltd bought a new stake in shares of RE/MAX during the 3rd quarter worth $145,000. Institutional investors 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.