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 acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was purchased at an average price of $10.30 per share, for a total transaction of $154,500.00. Following the purchase, the insider now owns 3,236,131 shares of the company’s stock, valued at $33,332,149.30. The trade was a 0.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

RE/MAX Stock Up 2.5 %

NYSE RMAX opened at $10.61 on Friday. The company’s 50 day moving average is $11.92 and its 200-day moving average is $10.98. The firm has a market cap of $200.23 million, a P/E ratio of -19.65 and a beta of 1.38. RE/MAX Holdings, Inc. has a 12-month low of $6.94 and a 12-month high of $14.31.

Institutional Investors Weigh In On RE/MAX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its holdings in shares of RE/MAX by 138.8% in the third 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 period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in RE/MAX by 229.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 354,651 shares of the financial services provider’s stock worth $4,415,000 after purchasing an additional 247,131 shares during the period. Magnolia Group LLC grew its holdings in RE/MAX by 2.8% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. increased its position in shares of RE/MAX by 145.2% during the third quarter. JPMorgan Chase & Co. now owns 120,247 shares of the financial services provider’s stock valued at $1,497,000 after buying an additional 71,215 shares during the period. Finally, AQR Capital Management LLC lifted 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 in the last quarter. Institutional investors own 93.17% of the company’s stock.

Analysts Set New Price Targets

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