Balyasny Asset Management LLC acquired a new position in Marcus & Millichap Inc (NYSE:MMI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,866 shares of the real estate investment trust’s stock, valued at approximately $314,000.

Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Marcus & Millichap by 42.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,236 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 963 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Marcus & Millichap by 301.7% in the 2nd quarter. Bank of Montreal Can now owns 4,395 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 3,301 shares during the period. Advisor Group Holdings Inc. purchased a new position in Marcus & Millichap in the first quarter valued at approximately $168,000. IndexIQ Advisors LLC bought a new position in Marcus & Millichap during the first quarter valued at $177,000. Finally, State of Tennessee Treasury Department increased its position in Marcus & Millichap by 9.4% in the first quarter. State of Tennessee Treasury Department now owns 7,854 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 675 shares during the last quarter. 57.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE MMI opened at $29.20 on Wednesday. Marcus & Millichap Inc has a fifty-two week low of $21.90 and a fifty-two week high of $38.24. The stock has a market cap of $1.15 billion, a PE ratio of 21.79 and a beta of 0.98. The stock has a fifty day moving average of $27.92 and a 200-day moving average of $28.16.

A number of brokerages recently issued reports on MMI. Zacks Investment Research cut Marcus & Millichap from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Wells Fargo & Company upped their price target on shares of Marcus & Millichap from $23.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, June 10th.

About Marcus & Millichap

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.

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

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