Marcus & Millichap, Inc. (NYSE:MMI) major shareholder Phoenix Investments Holdings L sold 373,707 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $30.52, for a total value of $11,405,537.64. Following the completion of the sale, the insider now directly owns 19,473,794 shares of the company’s stock, valued at $594,340,192.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Phoenix Investments Holdings L also recently made the following trade(s):

  • On Monday, November 13th, Phoenix Investments Holdings L sold 42,957 shares of Marcus & Millichap stock. The stock was sold at an average price of $30.12, for a total value of $1,293,864.84.

Marcus & Millichap, Inc. (MMI) opened at $30.49 on Friday. The firm has a market capitalization of $1,160.00, a price-to-earnings ratio of 19.90, a PEG ratio of 3.37 and a beta of 1.55. Marcus & Millichap, Inc. has a 52-week low of $23.22 and a 52-week high of $31.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.62 and a quick ratio of 4.62.

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A number of analysts have issued reports on the company. Wells Fargo & Company reiterated a “market perform” rating and issued a $31.00 price target (up from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. Citigroup Inc. upgraded Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday. BidaskClub cut Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Marcus & Millichap in the second quarter valued at $101,000. Legal & General Group Plc grew its position in shares of Marcus & Millichap by 1.1% in the first quarter. Legal & General Group Plc now owns 5,227 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 57 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Marcus & Millichap by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 5,958 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 831 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Marcus & Millichap by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,027 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 904 shares in the last quarter. Finally, American International Group Inc. grew its position in shares of Marcus & Millichap by 7.1% in the first quarter. American International Group Inc. now owns 8,946 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 594 shares in the last quarter. Institutional investors own 41.57% of the company’s stock.

About Marcus & Millichap

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.

Insider Buying and Selling by Quarter for Marcus & Millichap (NYSE:MMI)

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