RE/MAX Holdings, Inc. (NYSE:RMAX) Major Shareholder Buys $154,500.00 in Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) major shareholder Adam K. Peterson acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were bought at an average cost 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 approximately $33,332,149.30. The trade was a 0.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

RE/MAX Price Performance

RMAX traded down $0.32 during trading on Thursday, hitting $10.35. The company’s stock had a trading volume of 123,670 shares, compared to its average volume of 258,362. The stock has a market cap of $195.33 million, a PE ratio of -19.17 and a beta of 1.34. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $14.31. The firm’s 50 day moving average price is $11.98 and its 200-day moving average price is $10.95.

Institutional Trading of RE/MAX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RMAX. Magnolia Group LLC boosted its holdings in RE/MAX by 2.8% in 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 acquiring an additional 86,309 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of RE/MAX by 138.8% in 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 purchasing an additional 304,694 shares during the period. AQR Capital Management LLC lifted its stake in shares of RE/MAX by 14.9% in the 2nd quarter. AQR Capital Management LLC now owns 516,953 shares of the financial services provider’s stock valued at $4,187,000 after purchasing an additional 66,960 shares in the last quarter. State Street Corp grew its holdings 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 worth $5,424,000 after purchasing an additional 27,131 shares during the period. Finally, Geode Capital Management LLC increased its position in RE/MAX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider’s stock worth $5,178,000 after purchasing an additional 7,688 shares in the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

Analyst Ratings Changes

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