BNP Paribas Financial Markets Increases Stake in RE/MAX Holdings, Inc. (NYSE:RMAX)

BNP Paribas Financial Markets raised its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAXFree Report) by 23.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,101 shares of the financial services provider’s stock after acquiring an additional 10,207 shares during the quarter. BNP Paribas Financial Markets’ holdings in RE/MAX were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. nVerses Capital LLC grew its holdings in shares of RE/MAX by 566.7% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,700 shares in the last quarter. Rhumbline Advisers lifted its position in RE/MAX by 7.6% during the second quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 2,054 shares during the last quarter. Empowered Funds LLC grew its stake in shares of RE/MAX by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider’s stock worth $711,000 after buying an additional 2,814 shares in the last quarter. Algert Global LLC increased its holdings in shares of RE/MAX by 21.3% in the 2nd quarter. Algert Global LLC now owns 18,287 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,217 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of RE/MAX by 19,729.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock valued at $43,000 after buying an additional 5,327 shares in the last quarter. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Adam K. Peterson acquired 27,366 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $10.96 per share, with a total value of $299,931.36. Following the completion of the acquisition, the insider now owns 3,178,040 shares of the company’s stock, valued at approximately $34,831,318.40. This represents a 0.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Two research analysts have 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 $10.38.

Check Out Our Latest Research Report on RE/MAX

RE/MAX Price Performance

Shares of RMAX stock opened at $12.31 on Friday. The business has a fifty day moving average of $12.23 and a 200 day moving average of $10.66. RE/MAX Holdings, Inc. has a 1 year low of $6.94 and a 1 year high of $14.31. The firm has a market capitalization of $232.31 million, a price-to-earnings ratio of -22.80 and a beta of 1.34.

About RE/MAX

(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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Institutional Ownership by Quarter for RE/MAX (NYSE:RMAX)

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