RMR Group Inc (RMR) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of RMR Group Inc (NASDAQ:RMR) by 31.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,811 shares of the financial services provider’s stock after purchasing an additional 2,816 shares during the quarter. Sei Investments Co.’s holdings in RMR Group were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of RMR Group by 24.2% during the 1st quarter. Victory Capital Management Inc. now owns 4,295 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 838 shares during the period. JPMorgan Chase & Co. lifted its stake in RMR Group by 19.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,811 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 954 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in RMR Group by 15.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,516 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 1,008 shares in the last quarter. Schroder Investment Management Group lifted its stake in RMR Group by 18.4% during the 1st quarter. Schroder Investment Management Group now owns 6,944 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 1,079 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in RMR Group by 4.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 30,494 shares of the financial services provider’s stock worth $1,809,000 after acquiring an additional 1,248 shares in the last quarter. Institutional investors and hedge funds own 17.44% of the company’s stock.

RMR Group opened at $78.45 on Friday, according to Marketbeat. RMR Group Inc has a 12-month low of $42.35 and a 12-month high of $83.20. The stock has a market cap of $2.36 billion, a P/E ratio of 20.70 and a beta of -0.24.

RMR Group (NASDAQ:RMR) last posted its earnings results on Thursday, May 10th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.04). RMR Group had a return on equity of 10.30% and a net margin of 23.43%. The firm had revenue of $59.28 million for the quarter, compared to analyst estimates of $60.58 million. analysts forecast that RMR Group Inc will post 2.34 earnings per share for the current year.

Several research firms recently issued reports on RMR. BidaskClub raised RMR Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday. ValuEngine raised RMR Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered RMR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, B. Riley set a $88.00 target price on RMR Group and gave the stock a “hold” rating in a research note on Monday, May 14th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $73.00.

RMR Group Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.

Institutional Ownership by Quarter for RMR Group (NASDAQ:RMR)

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