The RMR Group (NASDAQ:RMR - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.
The RMR Group Stock Performance
RMR traded up $0.14 on Friday, hitting $18.81. The company had a trading volume of 161,027 shares, compared to its average volume of 151,423. The stock has a market cap of $599.02 million, a price-to-earnings ratio of 14.14 and a beta of 1.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The company's fifty day moving average price is $18.96 and its 200 day moving average price is $22.08. The RMR Group has a 1-year low of $17.75 and a 1-year high of $26.43.
Hedge Funds Weigh In On The RMR Group
Several large investors have recently made changes to their positions in RMR. International Assets Investment Management LLC grew its holdings in The RMR Group by 2,439.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of The RMR Group in the fourth quarter worth $63,000. Meeder Asset Management Inc. increased its position in The RMR Group by 18.7% during the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider's stock worth $81,000 after acquiring an additional 500 shares during the period. SG Americas Securities LLC raised its stake in The RMR Group by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 6,832 shares of the financial services provider's stock valued at $141,000 after purchasing an additional 908 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its holdings in The RMR Group by 252.2% in the 4th quarter. Aquatic Capital Management LLC now owns 8,100 shares of the financial services provider's stock valued at $167,000 after purchasing an additional 5,800 shares during the period. Institutional investors and hedge funds own 42.31% of the company's stock.
The RMR Group Company Profile
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The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.
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