Blair William & Co. IL Boosts Holdings in Marcus & Millichap Inc (MMI)

Blair William & Co. IL grew its holdings in shares of Marcus & Millichap Inc (NYSE:MMI) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,002 shares of the real estate investment trust’s stock after acquiring an additional 2,090 shares during the quarter. Blair William & Co. IL owned 0.13% of Marcus & Millichap worth $1,736,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Marcus & Millichap by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,145,566 shares of the real estate investment trust’s stock worth $39,762,000 after purchasing an additional 30,276 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Marcus & Millichap by 50.9% in the third quarter. Panagora Asset Management Inc. now owns 95,895 shares of the real estate investment trust’s stock worth $3,328,000 after purchasing an additional 32,332 shares during the last quarter. Credit Suisse AG grew its holdings in shares of Marcus & Millichap by 30.1% in the third quarter. Credit Suisse AG now owns 16,994 shares of the real estate investment trust’s stock worth $590,000 after purchasing an additional 3,931 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Marcus & Millichap by 28.6% in the third quarter. Schroder Investment Management Group now owns 28,297 shares of the real estate investment trust’s stock worth $982,000 after purchasing an additional 6,296 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Marcus & Millichap in the third quarter worth approximately $298,000. 52.05% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, November 13th. ValuEngine upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Finally, JMP Securities cut shares of Marcus & Millichap from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 22nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $41.67.

In related news, major shareholder Phoenix Investments Holdings L sold 36,904 shares of Marcus & Millichap stock in a transaction on Monday, September 10th. The shares were sold at an average price of $35.42, for a total value of $1,307,139.68. Following the sale, the insider now owns 15,539,478 shares in the company, valued at $550,408,310.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Hessam Nadji sold 5,900 shares of Marcus & Millichap stock in a transaction on Monday, November 26th. The shares were sold at an average price of $36.81, for a total transaction of $217,179.00. Following the completion of the sale, the chief executive officer now owns 281,280 shares in the company, valued at approximately $10,353,916.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,036,894 shares of company stock worth $37,357,231. 58.30% of the stock is currently owned by company insiders.

Shares of Marcus & Millichap stock opened at $35.40 on Friday. The company has a current ratio of 4.67, a quick ratio of 4.67 and a debt-to-equity ratio of 0.02. Marcus & Millichap Inc has a 52-week low of $28.89 and a 52-week high of $41.45. The company has a market capitalization of $1.35 billion, a PE ratio of 21.85, a PEG ratio of 2.90 and a beta of 1.15.

Marcus & Millichap (NYSE:MMI) last issued its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. The firm had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $192.58 million. Marcus & Millichap had a net margin of 8.83% and a return on equity of 23.36%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share. As a group, analysts predict that Marcus & Millichap Inc will post 2.01 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Blair William & Co. IL Boosts Holdings in Marcus & Millichap Inc (MMI)” was first published by XNewsPress and is owned by of XNewsPress. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://xnewspress.com/news/2018/12/07/blair-william-co-il-boosts-holdings-in-marcus-millichap-inc-mmi.html.

About Marcus & Millichap

Marcus & Millichap, Inc, a brokerage firm, provides 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, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.

Recommended Story: How is a Moving Average Calculated?

Want to see what other hedge funds are holding MMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marcus & Millichap Inc (NYSE:MMI).

Institutional Ownership by Quarter for Marcus & Millichap (NYSE:MMI)

Receive News & Ratings for Marcus & Millichap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus & Millichap and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply