Price T Rowe Associates Inc. MD Has $349,000 Stock Position in Marcus & Millichap, Inc. (NYSE:MMI)

Price T Rowe Associates Inc. MD raised its holdings in Marcus & Millichap, Inc. (NYSE:MMI) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,112 shares of the real estate investment trust’s stock after buying an additional 1,437 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Marcus & Millichap were worth $349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Marcus & Millichap by 104.7% during the third quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust’s stock worth $2,393,000 after purchasing an additional 30,884 shares during the period. Proficio Capital Partners LLC acquired a new stake in Marcus & Millichap during the fourth quarter worth approximately $830,000. JPMorgan Chase & Co. boosted its holdings in shares of Marcus & Millichap by 61.5% in the 4th quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust’s stock valued at $4,709,000 after purchasing an additional 46,865 shares in the last quarter. Amundi boosted its holdings in shares of Marcus & Millichap by 195.4% in the 4th quarter. Amundi now owns 11,687 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 7,730 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Marcus & Millichap by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 403,560 shares of the real estate investment trust’s stock valued at $15,440,000 after purchasing an additional 18,785 shares in the last quarter. Institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Stock Down 2.1%

NYSE MMI opened at $29.39 on Thursday. Marcus & Millichap, Inc. has a twelve month low of $29.00 and a twelve month high of $42.80. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -91.84 and a beta of 1.24. The business’s fifty day moving average is $32.28 and its 200 day moving average is $36.49.

Marcus & Millichap (NYSE:MMI) last announced its 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 firm had revenue of $145.04 million for the quarter, compared to the consensus estimate of $140.20 million. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%.

Insiders Place Their Bets

In other news, insider Gregory A. Laberge sold 2,915 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $34.78, for a total value of $101,383.70. Following the transaction, the insider now directly owns 2,307 shares of the company’s stock, valued at $80,237.46. The trade was a 55.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 39.20% of the company’s stock.

About Marcus & Millichap

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.