RE/MAX Holdings, Inc. (NYSE:RMAX) Shares Bought by Barclays PLC

Barclays PLC lifted its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 248.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,933 shares of the financial services provider’s stock after acquiring an additional 18,488 shares during the period. Barclays PLC owned 0.14% of RE/MAX worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Magnolia Group LLC boosted its stake in shares of RE/MAX by 2.8% in the second quarter. Magnolia Group LLC now owns 3,124,152 shares of the financial services provider’s stock worth $25,306,000 after buying an additional 86,309 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of RE/MAX by 138.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 524,188 shares of the financial services provider’s stock worth $6,526,000 after acquiring an additional 304,694 shares in the last quarter. AQR Capital Management LLC boosted its position in RE/MAX by 14.9% during the second quarter. AQR Capital Management LLC now owns 516,953 shares of the financial services provider’s stock worth $4,187,000 after purchasing an additional 66,960 shares in the last quarter. State Street Corp grew its stake in RE/MAX by 6.6% in the 3rd quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock valued at $5,424,000 after acquiring an additional 27,131 shares during the period. 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 worth $4,415,000 after purchasing an additional 247,131 shares in the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.17.

Insider Buying and Selling

In other RE/MAX news, major shareholder Adam K. Peterson purchased 29,455 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $10.82 per share, for a total transaction of $318,703.10. Following the completion of the purchase, the insider now directly owns 3,207,495 shares of the company’s stock, valued at approximately $34,705,095.90. This trade represents a 0.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders acquired 85,457 shares of company stock worth $915,631. Company insiders own 5.99% of the company’s stock.

RE/MAX Price Performance

Shares of RMAX stock opened at $10.61 on Friday. The firm’s 50-day moving average is $11.92 and its two-hundred day moving average is $10.98. The company has a market capitalization of $200.23 million, a PE ratio of -19.65 and a beta of 1.38. RE/MAX Holdings, Inc. has a 12 month low of $6.94 and a 12 month high of $14.31.

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.