Trust Point Inc. reduced its position in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 57.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,444 shares of the real estate investment trust's stock after selling 12,597 shares during the quarter. Trust Point Inc.'s holdings in Marcus & Millichap were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of MMI. The Manufacturers Life Insurance Company raised its position in shares of Marcus & Millichap by 5.2% during the second 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. Reinhart Partners LLC. lifted its stake in 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. Inspire Investing LLC bought a new position in shares of Marcus & Millichap during the 3rd quarter valued at about $416,000. Creative Planning increased its holdings in shares of Marcus & Millichap by 100.2% in the third quarter. Creative Planning now owns 15,689 shares of the real estate investment trust's stock worth $622,000 after purchasing an additional 7,853 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC lifted its position in shares of Marcus & Millichap by 14.0% in the third quarter. Hunter Perkins Capital Management LLC now owns 32,910 shares of the real estate investment trust's stock worth $1,304,000 after buying an additional 4,035 shares in the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.
Marcus & Millichap Stock Down 2.2 %
NYSE MMI traded down $0.83 during trading on Friday, hitting $37.12. 127,589 shares of the stock traded hands, compared to its average volume of 77,583. Marcus & Millichap, Inc. has a 12-month low of $29.93 and a 12-month high of $42.80. The firm has a 50-day simple moving average of $38.03 and a 200-day simple moving average of $38.61. The company has a market capitalization of $1.44 billion, a P/E ratio of -45.83 and a beta of 1.16.
Marcus & Millichap (NYSE:MMI - Get Free Report) last announced 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 return on equity of 4.95% and a negative net margin of 5.01%. The business had revenue of $168.51 million during the quarter.
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.
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