Jane Street Group LLC Lowers Position in Marcus & Millichap, Inc. (NYSE:MMI)

Jane Street Group LLC lessened its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,244 shares of the real estate investment trust’s stock after selling 4,658 shares during the quarter. Jane Street Group LLC owned about 0.09% of Marcus & Millichap worth $1,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MMI. Pzena Investment Management LLC increased its stake in Marcus & Millichap by 122.2% in the second quarter. Pzena Investment Management LLC now owns 641,667 shares of the real estate investment trust’s stock valued at $20,225,000 after acquiring an additional 352,832 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Marcus & Millichap by 7.6% in the 3rd quarter. Reinhart Partners LLC. now owns 1,835,699 shares of the real estate investment trust’s stock worth $72,749,000 after purchasing an additional 129,333 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Marcus & Millichap during the 2nd quarter valued at about $2,543,000. Harbor Capital Advisors Inc. raised its holdings in shares of Marcus & Millichap by 103.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 149,403 shares of the real estate investment trust’s stock valued at $5,921,000 after buying an additional 76,089 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in Marcus & Millichap by 144,346.2% in the second quarter. Quest Partners LLC now owns 18,778 shares of the real estate investment trust’s stock worth $592,000 after buying an additional 18,765 shares in the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Trading Down 1.5 %

NYSE MMI opened at $37.96 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of -46.86 and a beta of 1.15. Marcus & Millichap, Inc. has a 1-year low of $29.93 and a 1-year high of $44.24. The stock has a 50-day moving average of $39.86 and a 200-day moving average of $37.74.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company boosted their price objective on shares of Marcus & Millichap from $20.00 to $30.00 and gave the stock an “underweight” rating in a report on Friday, September 6th.

Marcus & Millichap Profile

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.