Insider Buying: RE/MAX Holdings, Inc. (NYSE:RMAX) Major Shareholder Purchases 11,798 Shares of Stock

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) major shareholder Adam K. Peterson purchased 11,798 shares of the business's stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of $9.64 per share, for a total transaction of $113,732.72. Following the acquisition, the insider now owns 3,247,929 shares in the company, valued at approximately $31,310,035.56. The trade was a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

RE/MAX Trading Down 2.5 %

Shares of NYSE:RMAX traded down $0.24 during midday trading on Tuesday, reaching $9.23. 216,557 shares of the company were exchanged, compared to its average volume of 167,082. The stock has a market cap of $174.19 million, a PE ratio of -17.09 and a beta of 1.38. The business's fifty day moving average is $11.67 and its two-hundred day moving average is $11.08. RE/MAX Holdings, Inc. has a one year low of $6.94 and a one year high of $14.31.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On RE/MAX

Several hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC grew its holdings in RE/MAX by 566.7% during the 3rd quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider's stock worth $25,000 after acquiring an additional 1,700 shares in the last quarter. Harbor Capital Advisors Inc. raised its position 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 purchasing an additional 1,336 shares during the last quarter. Quest Partners LLC purchased a new position in RE/MAX during the 3rd quarter worth approximately $106,000. Quantinno Capital Management LP purchased a new position in RE/MAX during the 3rd quarter worth approximately $135,000. Finally, Paloma Partners Management Co purchased a new position in RE/MAX during the 3rd quarter worth approximately $143,000. Hedge funds and other institutional investors own 93.17% of the company's stock.

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.

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