UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Marcus & Millichap, Inc. (NYSE:MMI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 1.8% in the 3rd quarter, Holdings Channel reports. The firm owned 62,522 shares of the real estate investment trust’s stock after purchasing an additional 1,120 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Marcus & Millichap were worth $2,478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMI. Price T Rowe Associates Inc. MD lifted its position in shares of Marcus & Millichap by 12.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 767 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Marcus & Millichap by 18.4% during the 2nd quarter. SG Americas Securities LLC now owns 16,147 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 2,508 shares in the last quarter. Scharf Investments LLC boosted its position in Marcus & Millichap by 17.9% in the 2nd quarter. Scharf Investments LLC now owns 6,962 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 1,057 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Marcus & Millichap by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 21,744 shares of the real estate investment trust’s stock worth $685,000 after acquiring an additional 473 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Marcus & Millichap by 2.5% in the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock worth $381,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Stock Performance

MMI stock opened at $40.08 on Friday. The company’s 50 day moving average price is $39.53 and its 200 day moving average price is $37.29. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -49.48 and a beta of 1.15. Marcus & Millichap, Inc. has a fifty-two week low of $29.93 and a fifty-two week high of $44.24.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their target price on Marcus & Millichap from $20.00 to $30.00 and gave the company an “underweight” rating in a report on Friday, September 6th.

About Marcus & Millichap

Marcus & Millichap, Inc, an investment 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, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.