Vanguard Group Inc. Has $167.81 Million Stake in Marcus & Millichap, Inc. (NYSE:MMI)

Vanguard Group Inc. lifted its position in Marcus & Millichap, Inc. (NYSE:MMI) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,841,718 shares of the real estate investment trust’s stock after buying an additional 37,821 shares during the quarter. Vanguard Group Inc. owned about 10.00% of Marcus & Millichap worth $167,806,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MMI. Signaturefd LLC grew its holdings in Marcus & Millichap by 112.6% during the fourth quarter. Signaturefd LLC now owns 623 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 330 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Marcus & Millichap by 3.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,700 shares of the real estate investment trust’s stock valued at $642,000 after buying an additional 496 shares during the last quarter. Natixis Advisors L.P. raised its holdings in Marcus & Millichap by 5.7% in the 4th quarter. Natixis Advisors L.P. now owns 16,877 shares of the real estate investment trust’s stock worth $737,000 after acquiring an additional 910 shares during the period. SG Americas Securities LLC raised its holdings in Marcus & Millichap by 7.6% in the 4th quarter. SG Americas Securities LLC now owns 17,395 shares of the real estate investment trust’s stock worth $760,000 after acquiring an additional 1,235 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Marcus & Millichap by 31.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,090 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 1,713 shares during the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Marcus & Millichap from a “hold” rating to a “sell” rating in a research note on Friday, June 28th.

Insider Buying and Selling

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

Marcus & Millichap Stock Up 2.9 %

Shares of MMI stock opened at $31.54 on Thursday. Marcus & Millichap, Inc. has a 12 month low of $26.81 and a 12 month high of $44.24. The firm has a market cap of $1.22 billion, a PE ratio of -31.54 and a beta of 1.12. The stock has a 50 day moving average of $32.24 and a 200-day moving average of $35.04.

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

About Marcus & Millichap

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.