Marcus & Millichap, Inc. (NYSE:MMI) Shares Acquired by Reinhart Partners LLC.

Reinhart Partners LLC. boosted its holdings in Marcus & Millichap, Inc. (NYSE:MMIFree Report) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,470,042 shares of the real estate investment trust’s stock after buying an additional 12,433 shares during the quarter. Marcus & Millichap accounts for about 2.1% of Reinhart Partners LLC.’s investment portfolio, making the stock its 18th largest position. Reinhart Partners LLC. owned approximately 3.83% of Marcus & Millichap worth $50,231,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MMI. Victory Capital Management Inc. grew its holdings in shares of Marcus & Millichap by 35.4% in the 3rd quarter. Victory Capital Management Inc. now owns 17,997 shares of the real estate investment trust’s stock worth $528,000 after acquiring an additional 4,706 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Marcus & Millichap by 19.2% during the third quarter. Janney Montgomery Scott LLC now owns 14,204 shares of the real estate investment trust’s stock valued at $417,000 after buying an additional 2,284 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Marcus & Millichap by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 321,202 shares of the real estate investment trust’s stock valued at $9,424,000 after buying an additional 18,706 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Marcus & Millichap by 5.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 21,894 shares of the real estate investment trust’s stock valued at $642,000 after buying an additional 1,065 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Marcus & Millichap by 132.3% during the third quarter. FMR LLC now owns 816,916 shares of the real estate investment trust’s stock valued at $23,968,000 after buying an additional 465,237 shares in the last quarter. Institutional investors own 62.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Monday, May 13th.

View Our Latest Analysis on Marcus & Millichap

Insider Activity

In other news, insider Gregory A. Laberge sold 1,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $32.68, for a total value of $32,680.00. Following the transaction, the insider now owns 6,050 shares of the company’s stock, valued at approximately $197,714. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO John David Parker sold 1,835 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $35.29, for a total transaction of $64,757.15. Following the sale, the chief operating officer now owns 13,373 shares of the company’s stock, valued at approximately $471,933.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory A. Laberge sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $32.68, for a total value of $32,680.00. Following the sale, the insider now directly owns 6,050 shares in the company, valued at approximately $197,714. The disclosure for this sale can be found here. 39.89% of the stock is currently owned by company insiders.

Marcus & Millichap Trading Down 0.8 %

NYSE MMI traded down $0.25 during trading hours on Tuesday, reaching $31.05. 61,731 shares of the company’s stock were exchanged, compared to its average volume of 151,435. The stock has a market cap of $1.20 billion, a PE ratio of -31.35 and a beta of 1.10. Marcus & Millichap, Inc. has a one year low of $26.81 and a one year high of $44.24. The firm has a fifty day moving average of $32.45 and a 200-day moving average of $35.53.

Marcus & Millichap (NYSE:MMIGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter. Marcus & Millichap had a negative return on equity of 5.91% and a negative net margin of 6.16%. The firm had revenue of $129.10 million for the quarter.

Marcus & Millichap Company Profile

(Free Report)

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.

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Institutional Ownership by Quarter for Marcus & Millichap (NYSE:MMI)

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