Reinhart Partners Inc. Purchases 299 Shares of Marcus & Millichap Inc (NYSE:MMI)

Reinhart Partners Inc. increased its position in shares of Marcus & Millichap Inc (NYSE:MMI) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,466 shares of the real estate investment trust’s stock after acquiring an additional 299 shares during the quarter. Reinhart Partners Inc. owned about 0.62% of Marcus & Millichap worth $8,570,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Marcus & Millichap by 7.9% in the second quarter. Vanguard Group Inc. now owns 3,519,072 shares of the real estate investment trust’s stock worth $108,564,000 after buying an additional 258,029 shares during the period. Southside Capital LLC bought a new stake in shares of Marcus & Millichap during the 2nd quarter valued at about $5,399,000. APG Asset Management N.V. grew its position in shares of Marcus & Millichap by 70.1% during the 2nd quarter. APG Asset Management N.V. now owns 326,700 shares of the real estate investment trust’s stock valued at $8,850,000 after buying an additional 134,600 shares during the last quarter. FMR LLC bought a new stake in shares of Marcus & Millichap during the 1st quarter valued at about $5,202,000. Finally, Morgan Stanley grew its position in shares of Marcus & Millichap by 1,553.0% during the 2nd quarter. Morgan Stanley now owns 108,604 shares of the real estate investment trust’s stock valued at $3,351,000 after buying an additional 102,034 shares during the last quarter. 58.51% of the stock is currently owned by institutional investors and hedge funds.

MMI traded down $2.76 during midday trading on Friday, hitting $33.75. The company had a trading volume of 675,200 shares, compared to its average volume of 197,423. The company has a debt-to-equity ratio of 0.15, a quick ratio of 4.36 and a current ratio of 4.36. The company has a market capitalization of $1.43 billion, a PE ratio of 15.20, a P/E/G ratio of 3.14 and a beta of 1.20. Marcus & Millichap Inc has a twelve month low of $27.84 and a twelve month high of $43.50. The firm’s 50-day simple moving average is $35.61 and its 200-day simple moving average is $34.49.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $198.20 million during the quarter, compared to analysts’ expectations of $207.27 million. Marcus & Millichap had a net margin of 10.35% and a return on equity of 20.13%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. As a group, sell-side analysts anticipate that Marcus & Millichap Inc will post 1.96 EPS for the current fiscal year.

Several brokerages have recently commented on MMI. Zacks Investment Research lowered shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Friday, July 26th.

In other Marcus & Millichap news, CEO Hessam Nadji sold 10,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $35.47, for a total transaction of $354,700.00. Following the completion of the transaction, the chief executive officer now owns 262,792 shares of the company’s stock, valued at $9,321,232.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 41.70% of the stock is currently owned by insiders.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc, a brokerage company, provides real estate 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.

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

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