Adam K. Peterson Buys 11,798 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) Stock

RE/MAX Holdings, Inc. (NYSE:RMAXGet Free Report) major shareholder Adam K. Peterson bought 11,798 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average price of $9.64 per share, with a total value of $113,732.72. Following the completion of the acquisition, the insider now directly owns 3,247,929 shares in the company, valued at $31,310,035.56. This trade represents a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

RE/MAX Price Performance

Shares of NYSE RMAX opened at $9.97 on Thursday. The company has a market cap of $188.15 million, a price-to-earnings ratio of -18.46 and a beta of 1.38. The stock’s 50-day moving average is $11.61 and its two-hundred day moving average is $11.09. RE/MAX Holdings, Inc. has a 1-year low of $6.94 and a 1-year high of $14.31.

Institutional Trading of RE/MAX

A number of large investors have recently made changes to their positions in the company. nVerses Capital LLC lifted its stake in RE/MAX by 566.7% in the third 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 during the last quarter. Harbor Capital Advisors Inc. raised its holdings 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 in the last quarter. Quest Partners LLC acquired a new stake in shares of RE/MAX in the 3rd quarter valued at $106,000. Quantinno Capital Management LP acquired a new stake in shares of RE/MAX in the 3rd quarter valued at $135,000. Finally, Paloma Partners Management Co acquired a new stake in shares of RE/MAX in the 3rd quarter valued at $143,000. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.17.

View Our Latest Analysis on RE/MAX

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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Insider Buying and Selling by Quarter for RE/MAX (NYSE:RMAX)

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