Rhumbline Advisers grew its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,303 shares of the real estate investment trust’s stock after acquiring an additional 2,145 shares during the quarter. Rhumbline Advisers’ holdings in Marcus & Millichap were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in Marcus & Millichap by 17.5% during the first quarter. Wells Fargo & Company MN now owns 13,281 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 1,974 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Marcus & Millichap by 3.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 62,469 shares of the real estate investment trust’s stock worth $1,535,000 after buying an additional 1,974 shares in the last quarter. First Trust Advisors LP grew its holdings in Marcus & Millichap by 29.9% during the first quarter. First Trust Advisors LP now owns 57,419 shares of the real estate investment trust’s stock worth $1,411,000 after buying an additional 13,213 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Marcus & Millichap by 7.3% during the first quarter. Bank of New York Mellon Corp now owns 96,052 shares of the real estate investment trust’s stock worth $2,361,000 after buying an additional 6,576 shares in the last quarter. Finally, Clinton Group Inc. grew its holdings in Marcus & Millichap by 7.6% during the first quarter. Clinton Group Inc. now owns 12,854 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 911 shares in the last quarter. Hedge funds and other institutional investors own 41.90% of the company’s stock.

In other Marcus & Millichap news, SVP William E. Hughes sold 6,000 shares of Marcus & Millichap stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $26.99, for a total value of $161,940.00. Following the completion of the sale, the senior vice president now owns 40,540 shares of the company’s stock, valued at approximately $1,094,174.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP William E. Hughes sold 5,000 shares of Marcus & Millichap stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $26.34, for a total value of $131,700.00. Following the completion of the sale, the senior vice president now directly owns 40,540 shares of the company’s stock, valued at approximately $1,067,823.60. The disclosure for this sale can be found here. 58.30% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on the company. BidaskClub downgraded Marcus & Millichap from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

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Marcus & Millichap, Inc. (MMI) opened at 27.52 on Friday. Marcus & Millichap, Inc. has a 52 week low of $22.93 and a 52 week high of $30.31. The firm has a 50-day moving average price of $25.88 and a 200-day moving average price of $25.52. The company has a market cap of $1.05 billion, a P/E ratio of 17.99 and a beta of 1.55.

Marcus & Millichap (NYSE:MMI) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.07. The business had revenue of $180.37 million during the quarter, compared to analyst estimates of $177.40 million. Marcus & Millichap had a return on equity of 22.56% and a net margin of 8.51%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Equities research analysts anticipate that Marcus & Millichap, Inc. will post $1.43 EPS for the current fiscal year.

Marcus & Millichap Profile

Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.

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

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