Squarepoint Ops LLC Buys New Shares in The RMR Group Inc. (NASDAQ:RMR)

Squarepoint Ops LLC bought a new position in shares of The RMR Group Inc. (NASDAQ:RMR) during the second quarter, Holdings Channel reports. The fund bought 12,032 shares of the financial services provider’s stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cubist Systematic Strategies LLC increased its stake in The RMR Group by 7.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 639 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of The RMR Group by 1.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 48,477 shares of the financial services provider’s stock worth $1,096,000 after buying an additional 768 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of The RMR Group by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,446 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 830 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of The RMR Group by 1.7% during the second quarter. Rhumbline Advisers now owns 54,324 shares of the financial services provider’s stock valued at $1,228,000 after acquiring an additional 925 shares during the period. Finally, Covestor Ltd lifted its position in shares of The RMR Group by 44.3% in the 1st quarter. Covestor Ltd now owns 3,940 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 1,210 shares in the last quarter. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Stock Performance

NASDAQ RMR opened at $25.45 on Friday. The firm’s 50 day moving average price is $24.85 and its two-hundred day moving average price is $24.08. The RMR Group Inc. has a twelve month low of $21.60 and a twelve month high of $28.82. The stock has a market cap of $807.53 million, a price-to-earnings ratio of 16.97 and a beta of 1.26.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $205.48 million during the quarter, compared to analyst estimates of $227.68 million. The RMR Group had a return on equity of 6.95% and a net margin of 2.80%. During the same period last year, the business earned $0.48 EPS. On average, research analysts forecast that The RMR Group Inc. will post 1.64 EPS for the current fiscal 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.