Barclays PLC Raises Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

Barclays PLC grew its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 248.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,933 shares of the financial services provider’s stock after purchasing an additional 18,488 shares during the quarter. Barclays PLC owned approximately 0.14% of RE/MAX worth $323,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of 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 acquiring an additional 1,700 shares during the last quarter. Rhumbline Advisers boosted its holdings 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 worth $236,000 after purchasing an additional 2,054 shares during the last quarter. Empowered Funds LLC grew its position in shares of RE/MAX by 5.2% in the third quarter. Empowered Funds LLC now owns 57,118 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 2,814 shares in the last quarter. Algert Global LLC increased its holdings in shares of RE/MAX by 21.3% in the second quarter. Algert Global LLC now owns 18,287 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,217 shares during the last quarter. Finally, River Global Investors LLP lifted its position in RE/MAX by 4.2% during the third quarter. River Global Investors LLP now owns 188,913 shares of the financial services provider’s stock worth $2,353,000 after buying an additional 7,536 shares in the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

Insider Activity at RE/MAX

In other RE/MAX news, major shareholder Adam K. Peterson bought 27,366 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $10.96 per share, with a total value of $299,931.36. Following the completion of the acquisition, the insider now directly owns 3,178,040 shares of the company’s stock, valued at $34,831,318.40. This represents a 0.87 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders purchased 97,255 shares of company stock worth $1,029,363. Company insiders own 5.99% of the company’s stock.

Analyst Ratings Changes

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

RE/MAX Trading Down 1.0 %

Shares of NYSE RMAX opened at $9.97 on Monday. The stock has a fifty day simple moving average of $11.46 and a 200-day simple moving average of $11.12. RE/MAX Holdings, Inc. has a twelve month low of $6.94 and a twelve month high of $14.31. The stock has a market capitalization of $188.10 million, a PE ratio of -18.46 and a beta of 1.38.

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.