Reinhart Partners Inc. Increases Holdings in Marcus & Millichap Inc (NYSE:MMI)

Reinhart Partners Inc. grew its holdings in shares of Marcus & Millichap Inc (NYSE:MMI) by 0.1% in the 3rd quarter, according to the company in 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 purchasing an additional 299 shares during the quarter. Reinhart Partners Inc.’s holdings in Marcus & Millichap were worth $8,570,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its stake in shares of Marcus & Millichap by 17.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,800 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 425 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Marcus & Millichap by 3.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 17,010 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 627 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Marcus & Millichap by 10.3% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,040 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 660 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Marcus & Millichap by 8.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 700 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Marcus & Millichap by 5.0% in the 3rd quarter. New York State Teachers Retirement System now owns 16,954 shares of the real estate investment trust’s stock valued at $602,000 after purchasing an additional 800 shares during the last quarter. 58.51% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Hessam Nadji sold 11,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $36.25, for a total transaction of $398,750.00. Following the transaction, the chief executive officer now directly owns 251,792 shares in the company, valued at approximately $9,127,460. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 41.70% of the stock is currently owned by company insiders.

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Shares of NYSE:MMI traded down $2.76 during 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 stock has a market cap of $1.43 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 3.14 and a beta of 1.20. Marcus & Millichap Inc has a one year low of $27.84 and a one year high of $43.50. The company has a fifty day simple moving average of $35.61 and a two-hundred day simple moving average of $34.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.36 and a quick ratio of 4.36.

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 (EPS) for the quarter, meeting the consensus estimate of $0.49. Marcus & Millichap had a return on equity of 20.13% and a net margin of 10.35%. The business had revenue of $198.20 million during the quarter, compared to analyst estimates of $207.27 million. During the same period last year, the company earned $0.53 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Marcus & Millichap Inc will post 1.96 earnings per share for the current year.

MMI has been the subject of several analyst reports. Zacks Investment Research lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.

Marcus & Millichap 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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