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

Geode Capital Management LLC lifted its holdings in RE/MAX Holdings, Inc. (NYSE:RMAX) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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’s holdings in RE/MAX were worth $5,178,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RMAX. nVerses Capital LLC boosted its stake 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 in the last quarter. Quest Partners LLC bought a new stake in shares of RE/MAX in the 3rd quarter worth approximately $106,000. Quantinno Capital Management LP purchased a new stake in shares of RE/MAX in the 3rd quarter worth approximately $135,000. Paloma Partners Management Co bought a new position in RE/MAX during the 3rd quarter valued at approximately $143,000. Finally, XTX Topco Ltd purchased a new position in RE/MAX during the third quarter valued at $145,000. 93.17% of the stock is currently owned by institutional investors.

RE/MAX Price Performance

RE/MAX stock opened at $10.61 on Friday. RE/MAX Holdings, Inc. has a one year low of $6.94 and a one year high of $14.31. The business’s fifty day moving average is $11.92 and its 200 day moving average is $10.98. The stock has a market capitalization of $200.23 million, a PE ratio of -19.65 and a beta of 1.38.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other RE/MAX news, major shareholder Adam K. Peterson purchased 27,366 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $10.96 per share, for a total transaction of $299,931.36. Following the purchase, the insider now directly owns 3,178,040 shares of the company’s stock, valued at $34,831,318.40. The trade was a 0.87 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 85,457 shares of company stock worth $915,631. 5.99% of the stock is owned by insiders.

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.