BNP Paribas Financial Markets Acquires 10,207 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

BNP Paribas Financial Markets raised its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the 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 owned about 0.29% of RE/MAX worth $674,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RMAX. Vanguard Group Inc. raised its holdings in RE/MAX by 9.2% in the first quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock worth $9,838,000 after purchasing an additional 94,758 shares during the period. Price T Rowe Associates Inc. MD raised its stake in RE/MAX by 29.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,443 shares of the financial services provider’s stock worth $206,000 after buying an additional 5,390 shares during the period. Assenagon Asset Management S.A. bought a new position in RE/MAX during the second quarter worth about $1,778,000. Nisa Investment Advisors LLC grew its stake in RE/MAX by 19,729.6% in the second quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 5,327 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of RE/MAX by 23.2% in the second quarter. Bank of New York Mellon Corp now owns 82,119 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 15,479 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

Analyst Upgrades and Downgrades

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 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. Based on data from MarketBeat.com, RE/MAX has an average rating of “Hold” and a consensus target price of $10.38.

Insider Buying and Selling at RE/MAX

In other news, major shareholder Adam K. Peterson bought 27,366 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $10.96 per share, with a total value of $299,931.36. Following the completion of the purchase, the insider now directly 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 purchase was disclosed in a filing with the SEC, which is available at this link. 5.99% of the stock is currently owned by company insiders.

RE/MAX Price Performance

RE/MAX stock opened at $12.31 on Friday. The business has a 50 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 company has a market capitalization of $232.31 million, a P/E ratio of -22.80 and a beta of 1.34.

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.