The RMR Group Inc. (NASDAQ:RMR) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in The RMR Group Inc. (NASDAQ:RMR) by 72.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,158 shares of the financial services provider’s stock after buying an additional 13,564 shares during the quarter. AQR Capital Management LLC owned 0.10% of The RMR Group worth $727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in shares of The RMR Group by 203.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 63,048 shares of the financial services provider’s stock worth $1,513,000 after buying an additional 42,288 shares during the last quarter. Garner Asset Management Corp raised its stake in shares of The RMR Group by 14.8% during the 2nd quarter. Garner Asset Management Corp now owns 282,528 shares of the financial services provider’s stock worth $6,385,000 after buying an additional 36,369 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of The RMR Group during the 1st quarter worth $689,000. Federated Hermes Inc. raised its stake in shares of The RMR Group by 4.7% during the 2nd quarter. Federated Hermes Inc. now owns 527,826 shares of the financial services provider’s stock worth $11,929,000 after buying an additional 23,654 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of The RMR Group by 29.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 102,827 shares of the financial services provider’s stock worth $2,468,000 after buying an additional 23,321 shares during the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Stock Up 0.7 %

NASDAQ:RMR opened at $25.45 on Monday. The stock has a fifty day simple moving average of $24.86 and a 200-day simple moving average of $24.10. The RMR Group Inc. has a 52-week low of $21.60 and a 52-week high of $28.82. The company has a market capitalization of $807.53 million, a PE ratio of 16.97 and a beta of 1.26.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The RMR Group had a net margin of 2.80% and a return on equity of 6.95%. The firm had revenue of $205.48 million during the quarter, compared to analyst estimates of $227.68 million. During the same period in the previous year, the firm posted $0.48 EPS. As a group, equities analysts anticipate that The RMR Group Inc. will post 1.64 earnings per share for the current year.

The RMR Group Company Profile

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.