William E. Hughes Sells 6,000 Shares of Marcus & Millichap, Inc. (MMI) Stock
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.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/william-e-hughes-sells-6000-shares-of-marcus-millichap-inc-mmi-stock/1606780.html.
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.
Receive News & Ratings for Marcus & Millichap Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus & Millichap Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.