RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) major shareholder Adam K. Peterson bought 13,636 shares of the business's stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of $10.45 per share, with a total value of $142,496.20. Following the completion of the acquisition, the insider now owns 3,221,131 shares in the company, valued at approximately $33,660,818.95. This represents a 0.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 Trading Down 3.0 %
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 firm has a market capitalization of $195.33 million, a price-to-earnings 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 business's fifty day simple moving average is $11.95 and its 200 day simple moving average is $10.95.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of RE/MAX from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $9.17.
Read Our Latest Stock Report on RE/MAX
Institutional Investors Weigh In On RE/MAX
A number of institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in 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 buying an additional 304,694 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of RE/MAX by 229.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 354,651 shares of the financial services provider's stock valued at $4,415,000 after acquiring an additional 247,131 shares in the last quarter. Magnolia Group LLC boosted its stake in shares of 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 worth $25,306,000 after acquiring an additional 86,309 shares during 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 worth $1,497,000 after purchasing an additional 71,215 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in 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 during the last quarter. Institutional investors and hedge funds 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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