Geode Capital Management LLC Increases Holdings in RE/MAX Holdings, Inc. (NYSE:RMAX)

Geode Capital Management LLC increased its stake in RE/MAX Holdings, Inc. (NYSE:RMAX) by 1.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 415,791 shares of the financial services provider’s stock after buying an additional 7,688 shares during the quarter. Geode Capital Management LLC owned 2.20% of RE/MAX worth $5,178,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC boosted its position in RE/MAX by 566.7% during the third quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,700 shares during the period. Rhumbline Advisers lifted its stake in shares of RE/MAX by 7.6% during the 2nd quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider’s stock valued at $236,000 after buying an additional 2,054 shares in the last quarter. Empowered Funds LLC boosted its holdings in 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 during the period. Algert Global LLC grew its stake in RE/MAX by 21.3% in the 2nd quarter. Algert Global LLC now owns 18,287 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,217 shares in the last quarter. Finally, River Global Investors LLP raised its holdings in RE/MAX by 4.2% during the 3rd quarter. River Global Investors LLP now owns 188,913 shares of the financial services provider’s stock valued at $2,353,000 after acquiring an additional 7,536 shares during the period. Institutional investors own 93.17% of the company’s stock.

Insider Activity

In other RE/MAX news, major shareholder Adam K. Peterson bought 29,455 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $10.82 per share, for a total transaction of $318,703.10. Following the completion of the acquisition, the insider now directly owns 3,207,495 shares in the company, valued at $34,705,095.90. The trade was a 0.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 85,457 shares of company stock valued at $915,631. 5.99% of the stock is currently owned by company insiders.

RE/MAX Stock Performance

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.17.

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.