Reinhart Partners LLC. grew its stake in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,909,491 shares of the real estate investment trust's stock after buying an additional 73,792 shares during the quarter. Marcus & Millichap accounts for approximately 2.8% of Reinhart Partners LLC.'s portfolio, making the stock its 10th biggest position. Reinhart Partners LLC. owned approximately 4.92% of Marcus & Millichap worth $73,057,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MMI. BNP Paribas Financial Markets grew its stake 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 worth $205,000 after acquiring an additional 400 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Marcus & Millichap in the 2nd quarter valued at approximately $212,000. Oppenheimer Asset Management Inc. bought a new position in shares of Marcus & Millichap in the 2nd quarter worth about $256,000. Inspire Investing LLC bought a new position in shares of Marcus & Millichap during the third quarter valued at approximately $416,000. Finally, The Manufacturers Life Insurance Company increased its position in Marcus & Millichap by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 15,220 shares of the real estate investment trust's stock worth $480,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 62.78% of the company's stock.
Marcus & Millichap Stock Up 1.4 %
NYSE MMI traded up $0.46 on Monday, reaching $34.40. 112,887 shares of the stock traded hands, compared to its average volume of 85,084. Marcus & Millichap, Inc. has a 12 month low of $29.93 and a 12 month high of $42.80. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -42.47 and a beta of 1.16. The firm's fifty day simple moving average is $39.54 and its 200 day simple moving average is $38.24.
Marcus & Millichap Profile
(
Free Report)
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.
Further Reading
Before you consider Marcus & Millichap, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marcus & Millichap wasn't on the list.
While Marcus & Millichap currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
