Adam K. Peterson Buys 13,636 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) major shareholder Adam K. Peterson acquired 13,636 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $10.45 per share, with a total value of $142,496.20. Following the completion of the transaction, the insider now owns 3,221,131 shares in the company, valued at $33,660,818.95. This represents a 0.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

RE/MAX Stock Performance

Shares of NYSE:RMAX traded down $0.32 during midday trading on Thursday, hitting $10.35. 123,670 shares of the stock were exchanged, compared to its average volume of 258,362. The business’s 50-day moving average price is $11.98 and its 200 day moving average price is $10.95. RE/MAX Holdings, Inc. has a 12 month low of $6.94 and a 12 month high of $14.31. The stock has a market capitalization of $195.33 million, a price-to-earnings ratio of -19.17 and a beta of 1.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. One equities research 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 MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.17.

Institutional Investors Weigh In On RE/MAX

A number of institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC lifted 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 buying an additional 1,700 shares during the period. Rhumbline Advisers lifted its stake in shares of RE/MAX by 7.6% in the second quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 2,054 shares during the period. Empowered Funds LLC boosted its holdings in RE/MAX by 5.2% in the third quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider’s stock valued at $711,000 after acquiring an additional 2,814 shares during the last quarter. Algert Global LLC increased 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 valued at $148,000 after purchasing an additional 3,217 shares during the period. Finally, River Global Investors LLP raised its holdings in RE/MAX by 4.2% during the 3rd quarter. River Global Investors LLP now owns 188,913 shares of the financial services provider’s stock worth $2,353,000 after purchasing an additional 7,536 shares during the last quarter. 93.17% of the stock is owned by institutional investors.

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.