The RMR Group (NASDAQ:RMR) Trading 4.4% Higher

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) shares shot up 4.4% during trading on Thursday . The company traded as high as $24.26 and last traded at $24.20. 27,239 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 89,307 shares. The stock had previously closed at $23.19.

Wall Street Analyst Weigh In

A number of research firms recently commented on RMR. TheStreet raised The RMR Group from a "c+" rating to a "b-" rating in a research note on Tuesday, January 2nd. StockNews.com cut The RMR Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 8th.

The RMR Group Price Performance

The company has a market capitalization of $774.33 million, a P/E ratio of 7.06 and a beta of 1.30. The company has a 50 day moving average of $24.02 and a 200-day moving average of $24.70.

The RMR Group (NASDAQ:RMR - Get Free Report) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $261.67 million for the quarter, compared to analysts' expectations of $223.18 million. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. Research analysts predict that The RMR Group Inc. will post 1.92 EPS for the current fiscal year.

Institutional Trading of The RMR Group

Several institutional investors and hedge funds have recently bought and sold shares of RMR. Vanguard Group Inc. boosted its position in shares of The RMR Group by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,341,719 shares of the financial services provider's stock worth $72,827,000 after purchasing an additional 19,870 shares in the last quarter. BlackRock Inc. boosted its position in shares of The RMR Group by 7.6% in the 3rd quarter. BlackRock Inc. now owns 1,478,140 shares of the financial services provider's stock worth $35,019,000 after purchasing an additional 104,710 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of The RMR Group by 1.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 972,285 shares of the financial services provider's stock worth $25,513,000 after purchasing an additional 13,220 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of The RMR Group by 2.0% in the 2nd quarter. Renaissance Technologies LLC now owns 426,614 shares of the financial services provider's stock worth $9,885,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of The RMR Group by 8.4% in the 1st quarter. Royce & Associates LP now owns 398,738 shares of the financial services provider's stock worth $10,463,000 after purchasing an additional 31,000 shares in the last quarter. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

About The RMR Group

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.