RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) major shareholder Adam K. Peterson acquired 27,366 shares of the company's stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $10.96 per share, with a total value of $299,931.36. Following the completion of the acquisition, the insider now directly owns 3,178,040 shares in the company, valued at $34,831,318.40. The trade was a 0.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
RE/MAX Stock Down 1.1 %
Shares of NYSE:RMAX opened at $11.29 on Thursday. The stock has a market capitalization of $213.06 million, a PE ratio of -20.91 and a beta of 1.36. The firm's 50 day moving average price is $12.08 and its 200-day moving average price is $10.23. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $13.70.
Wall Street Analysts Forecast Growth
RMAX has been the topic of a number of analyst reports. Stephens boosted their price objective on shares of RE/MAX from $9.00 to $10.50 and gave the company an "equal weight" rating in a research report on Monday, August 12th. StockNews.com lowered RE/MAX from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.38.
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC increased its stake in shares of RE/MAX by 566.7% in the 3rd quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider's stock worth $25,000 after purchasing an additional 1,700 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in RE/MAX by 19,729.6% during the second quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 5,327 shares during the period. Quest Partners LLC purchased a new stake in RE/MAX in the third quarter worth about $106,000. SG Americas Securities LLC raised its stake in shares of RE/MAX by 12.7% in the first quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider's stock worth $114,000 after buying an additional 1,469 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of RE/MAX during the 3rd quarter valued at about $135,000. Hedge funds and other institutional investors own 93.17% of the company's stock.
RE/MAX Company Profile
(
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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