WINTON GROUP Ltd Increases Stock Position in Marcus & Millichap, Inc. (NYSE:MMI)

WINTON GROUP Ltd boosted its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 21.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,432 shares of the real estate investment trust’s stock after purchasing an additional 2,007 shares during the quarter. WINTON GROUP Ltd’s holdings in Marcus & Millichap were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Pitcairn Co. lifted its stake in Marcus & Millichap by 3.3% in the 1st quarter. Pitcairn Co. now owns 10,098 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 321 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Marcus & Millichap by 1.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 42,357 shares of the real estate investment trust’s stock valued at $1,427,000 after buying an additional 408 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Marcus & Millichap by 2.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 16,684 shares of the real estate investment trust’s stock valued at $648,000 after buying an additional 419 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Marcus & Millichap by 8.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,773 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 499 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Marcus & Millichap by 3.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,033 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 519 shares in the last quarter. Institutional investors and hedge funds own 58.94% of the company’s stock.

Marcus & Millichap stock opened at $38.63 on Wednesday. Marcus & Millichap, Inc. has a 1-year low of $25.75 and a 1-year high of $41.51. The firm has a market capitalization of $1.53 billion, a P/E ratio of 20.44 and a beta of 0.86. The company’s 50-day moving average is $38.88 and its 200 day moving average is $37.56.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Friday, August 6th. The real estate investment trust reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.38. Marcus & Millichap had a net margin of 8.68% and a return on equity of 13.69%. The company had revenue of $284.90 million for the quarter, compared to analyst estimates of $216.90 million. The firm’s revenue for the quarter was up 142.7% compared to the same quarter last year.

In other Marcus & Millichap news, CEO Hessam Nadji sold 10,816 shares of the company’s stock in a transaction dated Thursday, June 24th. The shares were sold at an average price of $40.11, for a total value of $433,829.76. Following the transaction, the chief executive officer now directly owns 189,382 shares in the company, valued at approximately $7,596,112.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John David Parker sold 2,498 shares of the stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $40.00, for a total transaction of $99,920.00. The disclosure for this sale can be found here. Insiders sold a total of 22,411 shares of company stock worth $895,773 over the last three months. 40.60% of the stock is currently owned by corporate insiders.

MMI has been the topic of several recent research reports. Zacks Investment Research cut shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Thursday, July 8th. TheStreet upgraded shares of Marcus & Millichap from a “c” rating to a “b-” rating in a research report on Friday, August 6th.

Marcus & Millichap Company 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.

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

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