State Street Corp Buys 27,131 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

State Street Corp grew its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 435,652 shares of the financial services provider’s stock after acquiring an additional 27,131 shares during the period. State Street Corp owned 2.31% of RE/MAX worth $5,424,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RMAX. nVerses Capital LLC raised its holdings in shares of RE/MAX by 566.7% during 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 during the period. Quest Partners LLC purchased a new stake in shares of RE/MAX in the third quarter worth approximately $106,000. Quantinno Capital Management LP bought a new position in RE/MAX during the 3rd quarter valued at $135,000. Paloma Partners Management Co bought a new stake in RE/MAX in the 3rd quarter worth about $143,000. Finally, SG Americas Securities LLC purchased a new stake in shares of RE/MAX during the 3rd quarter valued at $147,000. 93.17% of the stock is owned by institutional investors.

RE/MAX Price Performance

Shares of RMAX stock opened at $10.68 on Friday. The stock has a market capitalization of $201.55 million, a PE ratio of -19.78 and a beta of 1.34. RE/MAX Holdings, Inc. has a 1-year low of $6.94 and a 1-year high of $14.31. The business has a 50-day moving average of $12.06 and a 200 day moving average of $10.89.

Insider Activity at RE/MAX

In other RE/MAX news, major shareholder Adam K. Peterson bought 29,455 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of $10.82 per share, for a total transaction of $318,703.10. Following the acquisition, the insider now owns 3,207,495 shares in the company, valued at approximately $34,705,095.90. This represents a 0.93 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 5.99% of the stock is currently owned by company insiders.

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. One research 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 a consensus rating of “Hold” and an average target price of $9.17.

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.