The RMR Group (NASDAQ:RMR) Upgraded at StockNews.com

The RMR Group (NASDAQ:RMR) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

The RMR Group Trading Up 2.0 %

The RMR Group stock opened at $17.25 on Friday. The stock has a 50-day moving average of $18.67 and a two-hundred day moving average of $21.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The RMR Group has a one year low of $16.89 and a one year high of $26.43. The stock has a market cap of $549.34 million, a PE ratio of 12.97 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of The RMR Group in the fourth quarter valued at about $63,000. Meeder Asset Management Inc. increased its holdings in shares of The RMR Group by 18.7% in the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 500 shares during the period. SG Americas Securities LLC increased its holdings in shares of The RMR Group by 15.3% in the fourth 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 period. Aquatic Capital Management LLC increased its holdings in shares of The RMR Group by 252.2% in the fourth 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. Finally, Wells Fargo & Company MN increased its holdings in shares of The RMR Group by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,205 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 2,010 shares during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

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.