Summit Global Investments lessened its position in Marcus & Millichap Inc (NYSE:MMI) by 13.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,000 shares of the real estate investment trust’s stock after selling 2,600 shares during the quarter. Summit Global Investments’ holdings in Marcus & Millichap were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System acquired a new stake in Marcus & Millichap during the 4th quarter worth about $1,124,000. Rhumbline Advisers boosted its position in Marcus & Millichap by 237.6% during the 4th quarter. Rhumbline Advisers now owns 57,074 shares of the real estate investment trust’s stock worth $1,959,000 after acquiring an additional 40,168 shares during the period. SG Americas Securities LLC acquired a new stake in Marcus & Millichap during the 4th quarter worth about $121,000. LS Investment Advisors LLC acquired a new stake in Marcus & Millichap during the 4th quarter worth about $82,000. Finally, Victory Capital Management Inc. boosted its position in Marcus & Millichap by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 17,587 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 684 shares during the period. 57.50% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered Marcus & Millichap from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 23rd. ValuEngine lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th.

Shares of NYSE MMI opened at $30.32 on Friday. Marcus & Millichap Inc has a one year low of $29.71 and a one year high of $43.50. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 2.72 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.64 and a quick ratio of 4.64.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). Marcus & Millichap had a return on equity of 21.53% and a net margin of 10.60%. The business had revenue of $160.70 million for the quarter, compared to analyst estimates of $178.13 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The company’s revenue was down 7.9% compared to the same quarter last year. Equities analysts expect that Marcus & Millichap Inc will post 1.86 EPS for the current year.

In other Marcus & Millichap news, VP Mitchell R. Labar sold 10,586 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $31.24, for a total transaction of $330,706.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 41.70% of the company’s stock.

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Marcus & Millichap Company 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.

Further Reading: Diversification

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

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