Marcus & Millichap, Inc. (NYSE:MMI) SVP William E. Hughes sold 6,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were 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 directly owns 40,540 shares of the company’s stock, valued at $1,094,174.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Marcus & Millichap, Inc. (NYSE MMI) opened at 26.86 on Wednesday. Marcus & Millichap, Inc. has a 52-week low of $22.93 and a 52-week high of $30.31. The company has a 50 day moving average of $25.80 and a 200-day moving average of $25.49. The company has a market cap of $1.02 billion, a PE ratio of 17.56 and a beta of 1.55.

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

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Several research analysts recently weighed in on MMI shares. BidaskClub lowered shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Marcus & Millichap currently has a consensus rating of “Hold” and an average price target of $27.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Marcus & Millichap during the 2nd quarter worth about $101,000. Victory Capital Management Inc. raised its position in shares of Marcus & Millichap by 57.9% in the 1st quarter. Victory Capital Management Inc. now owns 5,123 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 1,878 shares in the last quarter. Legal & General Group Plc raised its position in shares of Marcus & Millichap by 1.1% in the 1st quarter. Legal & General Group Plc now owns 5,227 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 57 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Marcus & Millichap by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 5,958 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 831 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of Marcus & Millichap by 7.1% in the 1st quarter. American International Group Inc. now owns 8,946 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 594 shares in the last quarter. 41.90% of the stock is currently owned by institutional investors and hedge funds.

Marcus & Millichap Company 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.

Insider Buying and Selling by Quarter for Marcus & Millichap (NYSE:MMI)

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