Insider Buying: 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 purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average cost of $10.30 per share, for a total transaction of $154,500.00. Following the transaction, the insider now owns 3,236,131 shares in the company, valued at $33,332,149.30. This represents a 0.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

RE/MAX Price Performance

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

Analyst Ratings Changes

Separately, StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. One investment 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.17.

Hedge Funds Weigh In On RE/MAX

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of RE/MAX by 145.2% in the third 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 in the last quarter. Barclays PLC boosted its position in RE/MAX by 248.3% in the third quarter. Barclays PLC now owns 25,933 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 18,488 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 purchasing an additional 7,688 shares during the period. XTX Topco Ltd bought a new stake in shares of RE/MAX during the 3rd quarter worth $145,000. Finally, State Street Corp raised its stake 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. Institutional investors own 93.17% of the company’s stock.

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.