RE/MAX Holdings, Inc. (NYSE:RMAX) Major Shareholder Purchases $113,732.72 in Stock

RE/MAX Holdings, Inc. (NYSE:RMAXGet Free Report) major shareholder Adam K. Peterson bought 11,798 shares of the stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of $9.64 per share, for a total transaction of $113,732.72. Following the purchase, the insider now owns 3,247,929 shares in the company, valued at $31,310,035.56. The trade was a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

RE/MAX Trading Down 2.5 %

RMAX traded down $0.24 during midday trading on Tuesday, hitting $9.23. The company’s stock had a trading volume of 216,557 shares, compared to its average volume of 167,082. RE/MAX Holdings, Inc. has a 52-week low of $6.94 and a 52-week high of $14.31. The firm has a market cap of $174.19 million, a P/E ratio of -17.09 and a beta of 1.38. The firm has a 50-day moving average price of $11.67 and a two-hundred day moving average price of $11.08.

Hedge Funds Weigh In On RE/MAX

Institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its holdings in shares of RE/MAX by 31.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,336 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of RE/MAX by 145.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 120,247 shares of the financial services provider’s stock valued at $1,497,000 after acquiring an additional 71,215 shares during the last quarter. Barclays PLC increased its holdings in shares of RE/MAX by 248.3% in the 3rd quarter. Barclays PLC now owns 25,933 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 18,488 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of RE/MAX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider’s stock valued at $5,178,000 after acquiring an additional 7,688 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of RE/MAX in the 3rd quarter valued at approximately $145,000. 93.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on RE/MAX

About RE/MAX

(Get Free Report)

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.

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