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

RE/MAX Holdings, Inc. (NYSE:RMAX) major shareholder Adam K. Peterson acquired 11,798 shares of RE/MAX stock in a transaction dated Friday, January 10th. The stock was purchased at an average price of $9.64 per share, for a total transaction of $113,732.72. Following the completion of the acquisition, the insider now directly owns 3,247,929 shares in the company, valued at approximately $31,310,035.56. This represents a 0.36 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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

NYSE RMAX opened at $9.97 on Thursday. The firm’s fifty day moving average price is $11.61 and its 200 day moving average price is $11.09. The company has a market capitalization of $188.15 million, a price-to-earnings ratio of -18.46 and a beta of 1.38. RE/MAX Holdings, Inc. has a 12 month low of $6.94 and a 12 month high of $14.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. grew its position in RE/MAX by 31.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,336 shares during the last quarter. nVerses Capital LLC grew its position 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 purchasing an additional 1,700 shares during the last quarter. Rhumbline Advisers grew its position in RE/MAX by 7.6% during the 2nd quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 2,054 shares during the last quarter. Empowered Funds LLC grew its position in RE/MAX by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 2,814 shares during the last quarter. Finally, Algert Global LLC grew its position in RE/MAX by 21.3% during the 2nd quarter. Algert Global LLC now owns 18,287 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,217 shares during the last quarter. 93.17% of the stock is 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 report on Thursday, November 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.17.

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.