Point72 Asia Singapore Pte. Ltd. Sells 12,495 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

Point72 Asia Singapore Pte. Ltd. lowered its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 81.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,795 shares of the financial services provider’s stock after selling 12,495 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in RE/MAX were worth $35,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC raised its holdings 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 purchasing an additional 1,700 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in RE/MAX by 19,729.6% in the second quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock worth $43,000 after buying an additional 5,327 shares in the last quarter. Quest Partners LLC purchased a new stake in RE/MAX during the third quarter worth $106,000. SG Americas Securities LLC bought a new stake in RE/MAX during the 3rd quarter valued at $147,000. Finally, Metis Global Partners LLC purchased a new position in shares of RE/MAX in the 3rd quarter valued at $156,000. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Adam K. Peterson acquired 27,366 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.99% of the company’s stock.

RE/MAX Price Performance

Shares of NYSE:RMAX opened at $12.50 on Friday. The firm has a market capitalization of $235.90 million, a P/E ratio of -23.15 and a beta of 1.34. The business’s 50-day moving average is $12.22 and its 200 day moving average is $10.56. RE/MAX Holdings, Inc. has a 1 year low of $6.94 and a 1 year high of $14.31.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RMAX shares. StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Stephens raised their price target on shares of RE/MAX from $9.00 to $10.50 and gave the company an “equal weight” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.38.

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.