RE/MAX Holdings, Inc. (NYSE:RMAX) Major Shareholder Adam K. Peterson Acquires 29,455 Shares

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) major shareholder Adam K. Peterson acquired 29,455 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of $10.82 per share, for a total transaction of $318,703.10. Following the completion of the purchase, the insider now directly owns 3,207,495 shares of the company's stock, valued at approximately $34,705,095.90. The trade was a 0.93 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

RE/MAX Stock Down 1.8 %

NYSE RMAX traded down $0.20 during trading hours on Thursday, hitting $10.63. The company's stock had a trading volume of 311,161 shares, compared to its average volume of 262,036. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $14.31. The firm has a market capitalization of $200.61 million, a P/E ratio of -19.68 and a beta of 1.34. The stock has a fifty day moving average of $12.22 and a 200 day moving average of $10.77.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $9.17.

Hedge Funds Weigh In On RE/MAX

Hedge funds have recently added to or reduced their stakes in the stock. 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 valued at $25,000 after acquiring an additional 1,700 shares during 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 bought a new stake in RE/MAX in the third quarter valued at approximately $106,000. Quantinno Capital Management LP acquired a new stake in RE/MAX in the third quarter worth $135,000. Finally, Paloma Partners Management Co acquired a new stake in RE/MAX in the third quarter worth $143,000. Institutional investors and hedge funds 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.

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