Blair William & Co. IL reduced its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 13.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,968 shares of the real estate investment trust’s stock after selling 6,007 shares during the period. Blair William & Co. IL owned 0.10% of Marcus & Millichap worth $1,027,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its stake in Marcus & Millichap by 37.9% in the first quarter. Royce & Associates LP now owns 3,483,324 shares of the real estate investment trust’s stock valued at $85,620,000 after buying an additional 957,701 shares during the period. Tributary Capital Management LLC purchased a new stake in Marcus & Millichap during the second quarter valued at approximately $13,409,000. Aberdeen Asset Management PLC UK boosted its stake in Marcus & Millichap by 56.4% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,408,893 shares of the real estate investment trust’s stock valued at $34,631,000 after buying an additional 507,862 shares during the period. MARSHALL WACE ASIA Ltd purchased a new stake in Marcus & Millichap during the first quarter valued at approximately $3,993,000. Finally, Marshall Wace North America L.P. purchased a new stake in Marcus & Millichap during the first quarter valued at approximately $3,993,000. 41.90% of the stock is owned by institutional investors.

Marcus & Millichap, Inc. (MMI) opened at 25.70 on Wednesday. The company has a market capitalization of $979.61 million, a price-to-earnings ratio of 16.80 and a beta of 1.55. The stock has a 50 day moving average price of $26.12 and a 200 day moving average price of $25.66. Marcus & Millichap, Inc. has a 52-week low of $22.93 and a 52-week high of $30.31.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.07. The business had revenue of $180.37 million during the quarter, compared to the consensus estimate of $177.40 million. Marcus & Millichap had a net margin of 8.51% and a return on equity of 22.56%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. Analysts anticipate that Marcus & Millichap, Inc. will post $1.42 EPS for the current fiscal year.

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MMI has been the subject of several research reports. ValuEngine cut Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Marcus & Millichap from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.

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

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