RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,579 shares of the financial services provider’s stock after buying an additional 1,336 shares during the period. Harbor Capital Advisors Inc.’s holdings in RE/MAX were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in RE/MAX by 138.8% in the third quarter. Assenagon Asset Management S.A. now owns 524,188 shares of the financial services provider’s stock worth $6,526,000 after purchasing an additional 304,694 shares during the period. AQR Capital Management LLC lifted its stake in shares of RE/MAX by 14.9% in the 2nd quarter. AQR Capital Management LLC now owns 516,953 shares of the financial services provider’s stock worth $4,187,000 after acquiring an additional 66,960 shares during the period. State Street Corp lifted its stake in shares of RE/MAX by 6.6% in the 3rd quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock worth $5,424,000 after acquiring an additional 27,131 shares during the period. Geode Capital Management LLC boosted its holdings in shares of RE/MAX by 1.9% in the third quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider’s stock valued at $5,178,000 after acquiring an additional 7,688 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of RE/MAX by 229.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 354,651 shares of the financial services provider’s stock valued at $4,415,000 after acquiring an additional 247,131 shares during the period. 93.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

RE/MAX Trading Up 7.8 %

Shares of RE/MAX stock opened at $9.97 on Thursday. RE/MAX Holdings, Inc. has a 52 week low of $6.94 and a 52 week high of $14.31. The stock has a market cap of $188.15 million, a PE ratio of -18.46 and a beta of 1.38. The company’s 50-day moving average price is $11.61 and its two-hundred day moving average price is $11.09.

Insider Transactions at RE/MAX

In related news, major shareholder Adam K. Peterson purchased 29,455 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $10.82 per share, with a total value of $318,703.10. Following the completion of the acquisition, the insider now owns 3,207,495 shares of the company’s stock, valued at approximately $34,705,095.90. This represents a 0.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 97,255 shares of company stock valued at $1,029,363 in the last quarter. Insiders own 5.99% of the company’s stock.

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.