Quantinno Capital Management LP Acquires New Stake in RE/MAX Holdings, Inc. (NYSE:RMAX)

Quantinno Capital Management LP purchased a new stake in RE/MAX Holdings, Inc. (NYSE:RMAX) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 10,873 shares of the financial services provider’s stock, valued at approximately $135,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RMAX. nVerses Capital LLC lifted its stake 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 worth $25,000 after acquiring an additional 1,700 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of RE/MAX by 19,729.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 5,327 shares during the period. Quest Partners LLC bought a new stake in shares of RE/MAX in the 3rd quarter valued at $106,000. Paloma Partners Management Co acquired a new stake in shares of RE/MAX during the third quarter worth $143,000. Finally, SG Americas Securities LLC bought a new position in RE/MAX during the third quarter worth $147,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Two equities research analysts have 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, the company currently has a consensus rating of “Hold” and a consensus price target of $10.38.

Insider Buying and Selling

In other news, major shareholder Adam K. Peterson purchased 27,366 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $10.96 per share, with a total value of $299,931.36. Following the purchase, the insider now owns 3,178,040 shares in the company, valued at $34,831,318.40. This represents a 0.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.99% of the stock is owned by insiders.

RE/MAX Stock Performance

RE/MAX stock opened at $11.78 on Wednesday. The stock’s 50 day moving average price is $12.24 and its two-hundred day moving average price is $10.74. The stock has a market capitalization of $222.31 million, a price-to-earnings ratio of -21.81 and a beta of 1.34. RE/MAX Holdings, Inc. has a 52-week low of $6.94 and a 52-week high of $14.31.

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.