SG Americas Securities LLC Has $230,000 Stock Position in RE/MAX Holdings, Inc. (NYSE:RMAX)

SG Americas Securities LLC grew its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 82.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,516 shares of the financial services provider’s stock after acquiring an additional 9,743 shares during the period. SG Americas Securities LLC owned 0.11% of RE/MAX worth $230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC lifted its position in shares of RE/MAX by 566.7% during the 3rd quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,700 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in RE/MAX by 31.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,336 shares in the last quarter. Quest Partners LLC purchased a new position in RE/MAX during the third quarter worth about $106,000. Quantinno Capital Management LP bought a new position in shares of RE/MAX in the third quarter worth approximately $135,000. Finally, Paloma Partners Management Co purchased a new position in RE/MAX in the third quarter worth $143,000. 93.17% of the stock is owned by institutional investors.

Insider Transactions at RE/MAX

In related news, major shareholder Adam K. Peterson purchased 11,798 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average cost of $9.64 per share, with a total value of $113,732.72. Following the transaction, the insider now directly owns 3,247,929 shares in the company, valued at $31,310,035.56. This trade represents a 0.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders purchased 97,255 shares of company stock valued at $1,029,363. Company insiders own 5.99% of the company’s stock.

RE/MAX Price Performance

RMAX opened at $10.36 on Friday. The firm has a market capitalization of $195.42 million, a price-to-earnings ratio of -19.18 and a beta of 1.37. The business has a 50 day simple moving average of $10.91 and a two-hundred day simple moving average of $11.23. RE/MAX Holdings, Inc. has a one year low of $6.94 and a one year high of $14.31.

Analyst Upgrades and Downgrades

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 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, the stock has a consensus rating of “Hold” and an average price target 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.