Northern Trust Corp Purchases 1,572 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX)

Northern Trust Corp increased its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,217 shares of the financial services provider’s stock after buying an additional 1,572 shares during the period. Northern Trust Corp owned about 0.87% of RE/MAX worth $1,752,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Tudor Investment Corp ET AL raised its stake in RE/MAX by 40.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 54,285 shares of the financial services provider’s stock worth $579,000 after buying an additional 15,586 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of RE/MAX in the 4th quarter worth about $213,000. Voya Investment Management LLC acquired a new position in shares of RE/MAX in the 4th quarter valued at about $200,000. Price T Rowe Associates Inc. MD increased its stake in shares of RE/MAX by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,887 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 1,154 shares in the last quarter. Finally, Capital World Investors raised its stake in RE/MAX by 736.3% during the 4th quarter. Capital World Investors now owns 1,500,000 shares of the financial services provider’s stock worth $16,005,000 after buying an additional 1,320,628 shares during the period. 93.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on RMAX. Wall Street Zen cut RE/MAX from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods dropped their target price on shares of RE/MAX from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th.

RE/MAX Stock Performance

NYSE RMAX opened at $7.19 on Tuesday. The company has a market capitalization of $143.23 million, a PE ratio of 20.53 and a beta of 1.20. The company has a 50-day simple moving average of $7.79 and a 200 day simple moving average of $9.61. RE/MAX Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $14.31.

Insider Buying and Selling at RE/MAX

In other news, EVP Abigail C. Lee sold 10,000 shares of RE/MAX stock in a transaction on Friday, May 16th. The stock was sold at an average price of $7.78, for a total value of $77,800.00. Following the completion of the transaction, the executive vice president now directly owns 151,874 shares in the company, valued at approximately $1,181,579.72. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is owned by corporate insiders.

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.