Jane Street Group LLC Has $332,000 Holdings in RE/MAX Holdings, Inc. (NYSE:RMAX)

Jane Street Group LLC trimmed its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 31.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,634 shares of the financial services provider’s stock after selling 12,053 shares during the quarter. Jane Street Group LLC’s holdings in RE/MAX were worth $332,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. nVerses Capital LLC lifted its position in shares of RE/MAX by 566.7% in the 3rd quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,700 shares in the last quarter. Quest Partners LLC acquired a new stake in RE/MAX during the 3rd quarter valued at $106,000. Quantinno Capital Management LP purchased a new stake in shares of RE/MAX in the third quarter valued at $135,000. Paloma Partners Management Co acquired a new stake in shares of RE/MAX in the third quarter worth $143,000. Finally, SG Americas Securities LLC purchased a new position in shares of RE/MAX during the third quarter valued at $147,000. 93.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised 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’s stock. According to data from MarketBeat, RE/MAX presently has a consensus rating of “Hold” and an average price target of $9.17.

Insider Transactions at RE/MAX

In other RE/MAX news, major shareholder Adam K. Peterson purchased 15,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were bought at an average price of $10.30 per share, for a total transaction of $154,500.00. Following the purchase, the insider now directly owns 3,236,131 shares in the company, valued at $33,332,149.30. This trade represents a 0.47 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have purchased 85,457 shares of company stock valued at $915,631. 5.99% of the stock is owned by insiders.

RE/MAX Stock Down 1.5 %

RMAX stock opened at $10.02 on Friday. The company has a 50 day moving average of $11.75 and a two-hundred day moving average of $11.02. The company has a market cap of $189.10 million, a price-to-earnings ratio of -18.56 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.

RE/MAX 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.