Global investment firm BlackRock upped its stake in RE/MAX by 5.2 percent in the third quarter, putting its total ownership stake in the brokerage at 15.2 percent.
BlackRock currently owns 2,559,945 RE/MAX stock shares valued at about $114 million, Inman reported, citing filings with the Securities and Exchange Commission. The filings indicate that they are still not involved in day-to-day operations.
RE/MAX went public with an IPO in 2013 and performed well last year. The firm more than doubled its revenue during 2018’s third quarter.