Marcus & Millichap, Inc. (NYSE:MMI) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,108 shares of the real estate investment trust’s stock after purchasing an additional 6,687 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Marcus & Millichap worth $1,152,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in MMI. BNP Paribas Financial Markets increased its position in Marcus & Millichap by 8.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 400 shares during the period. Heritage Family Offices LLP lifted its position in shares of Marcus & Millichap by 7.1% in the fourth quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 464 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Marcus & Millichap by 6.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 530 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Marcus & Millichap by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,220 shares of the real estate investment trust’s stock valued at $480,000 after buying an additional 750 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Marcus & Millichap by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,522 shares of the real estate investment trust’s stock worth $2,478,000 after acquiring an additional 1,120 shares in the last quarter. Institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Stock Performance

MMI opened at $36.97 on Wednesday. The company has a market cap of $1.44 billion, a PE ratio of -45.64 and a beta of 1.16. Marcus & Millichap, Inc. has a 52-week low of $29.93 and a 52-week high of $42.80. The stock has a 50-day moving average of $38.28 and a 200-day moving average of $38.63.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($0.14) earnings per share for the quarter. Marcus & Millichap had a negative net margin of 5.01% and a negative return on equity of 4.95%. The company had revenue of $168.51 million during the quarter.

Marcus & Millichap Profile

Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.