Voya Investment Management LLC Decreases Stock Holdings in Marcus & Millichap, Inc. (NYSE:MMI)

Voya Investment Management LLC trimmed its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,830 shares of the real estate investment trust’s stock after selling 591 shares during the period. Voya Investment Management LLC’s holdings in Marcus & Millichap were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of Marcus & Millichap by 0.9% during the 4th quarter. Alliancebernstein L.P. now owns 33,801 shares of the real estate investment trust’s stock worth $1,293,000 after acquiring an additional 289 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Marcus & Millichap by 5.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,756 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 421 shares in the last quarter. Heritage Family Offices LLP raised its holdings in shares of Marcus & Millichap by 7.1% during the 4th quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock worth $269,000 after acquiring an additional 464 shares in the last quarter. Sterling Capital Management LLC grew its position in Marcus & Millichap by 807.2% in the fourth quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 670 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Marcus & Millichap by 11.6% in the fourth quarter. Handelsbanken Fonder AB now owns 8,666 shares of the real estate investment trust’s stock worth $332,000 after acquiring an additional 900 shares in the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Gregory A. Laberge sold 2,915 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $34.78, for a total value of $101,383.70. Following the sale, the insider now owns 2,307 shares of the company’s stock, valued at approximately $80,237.46. This represents a 55.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 39.20% of the stock is owned by corporate insiders.

Marcus & Millichap Trading Down 0.9%

MMI opened at $29.81 on Monday. The firm has a market cap of $1.16 billion, a P/E ratio of -93.16 and a beta of 1.24. Marcus & Millichap, Inc. has a 12 month low of $29.00 and a 12 month high of $42.80. The stock has a 50-day moving average of $32.79 and a 200 day moving average of $36.64.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.05. The company had revenue of $145.04 million during the quarter, compared to analyst estimates of $140.20 million. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%.

Marcus & Millichap 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.