RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Purchased by Barclays PLC

Barclays PLC raised its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 248.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,933 shares of the financial services provider’s stock after purchasing an additional 18,488 shares during the period. Barclays PLC’s holdings in RE/MAX were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. nVerses Capital LLC lifted its position in shares of 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 last quarter. Rhumbline Advisers increased its position in RE/MAX by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 2,054 shares during the period. Empowered Funds LLC raised its stake in shares of RE/MAX by 5.2% during the third 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. Algert Global LLC lifted its stake 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 acquiring an additional 3,217 shares during the period. Finally, River Global Investors LLP lifted its position in RE/MAX by 4.2% in the third quarter. River Global Investors LLP now owns 188,913 shares of the financial services provider’s stock valued at $2,353,000 after purchasing an additional 7,536 shares during the period. 93.17% of the stock is currently owned by institutional investors and hedge funds.

RE/MAX Price Performance

Shares of RMAX opened at $10.61 on Friday. RE/MAX Holdings, Inc. has a 1-year low of $6.94 and a 1-year high of $14.31. The stock has a market cap of $200.23 million, a price-to-earnings ratio of -19.65 and a beta of 1.38. The firm has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $10.98.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.17.

Insider Buying and Selling at RE/MAX

In other news, major shareholder Adam K. Peterson bought 27,366 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $10.96 per share, with a total value of $299,931.36. Following the purchase, the insider now owns 3,178,040 shares of the company’s stock, valued at $34,831,318.40. This trade represents a 0.87 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have purchased 85,457 shares of company stock worth $915,631. 5.99% of the stock is owned by insiders.

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.