Jennison Associates LLC grew its position in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 21.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 264,435 shares of the real estate investment trust's stock after buying an additional 46,154 shares during the period. Jennison Associates LLC owned approximately 0.68% of Marcus & Millichap worth $10,117,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Marcus & Millichap during the fourth quarter worth about $66,000. Janney Montgomery Scott LLC lifted its stake in Marcus & Millichap by 28.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,108 shares of the real estate investment trust's stock valued at $1,152,000 after buying an additional 6,687 shares in the last quarter. Heritage Family Offices LLP boosted its holdings 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 valued at $269,000 after buying an additional 464 shares during the period. Reinhart Partners LLC. increased its position in shares of Marcus & Millichap by 4.0% during the fourth quarter. Reinhart Partners LLC. now owns 1,909,491 shares of the real estate investment trust's stock worth $73,057,000 after acquiring an additional 73,792 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Marcus & Millichap by 2.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 152,454 shares of the real estate investment trust's stock valued at $5,833,000 after acquiring an additional 3,051 shares in the last quarter. Institutional investors own 62.78% of the company's stock.
Marcus & Millichap Price Performance
MMI stock traded down $0.83 during trading hours on Friday, reaching $37.12. 127,589 shares of the stock were exchanged, compared to its average volume of 77,583. The firm's 50-day moving average is $38.03 and its 200-day moving average is $38.61. 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 $1.44 billion, a price-to-earnings ratio of -45.83 and a beta of 1.16.
Marcus & Millichap (NYSE:MMI - Get Free Report) last released its earnings results on Friday, November 8th. The real estate investment trust reported ($0.14) EPS for the quarter. The firm had revenue of $168.51 million during the quarter. Marcus & Millichap had a negative net margin of 5.01% and a negative return on equity of 4.95%.
About Marcus & Millichap
(
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.
Read More
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
