Marcus & Millichap, Inc. (NYSE:MMI) Shares Sold by Fmr LLC

Fmr LLC cut its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 45.5% in the 3rd quarter, Holdings Channel reports. The fund owned 3,513 shares of the real estate investment trust’s stock after selling 2,937 shares during the period. Fmr LLC’s holdings in Marcus & Millichap were worth $139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MMI. Pzena Investment Management LLC boosted its holdings in Marcus & Millichap by 122.2% in the second quarter. Pzena Investment Management LLC now owns 641,667 shares of the real estate investment trust’s stock valued at $20,225,000 after purchasing an additional 352,832 shares during the last quarter. Reinhart Partners LLC. raised its position in shares of Marcus & Millichap by 7.6% in the 3rd quarter. Reinhart Partners LLC. now owns 1,835,699 shares of the real estate investment trust’s stock valued at $72,749,000 after purchasing an additional 129,333 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Marcus & Millichap during the 2nd quarter valued at approximately $2,543,000. Harbor Capital Advisors Inc. grew its position in shares of Marcus & Millichap by 103.8% during the third quarter. Harbor Capital Advisors Inc. now owns 149,403 shares of the real estate investment trust’s stock worth $5,921,000 after buying an additional 76,089 shares in the last quarter. Finally, Quest Partners LLC increased its stake in shares of Marcus & Millichap by 144,346.2% in the second quarter. Quest Partners LLC now owns 18,778 shares of the real estate investment trust’s stock worth $592,000 after buying an additional 18,765 shares during the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their price objective on shares of Marcus & Millichap from $20.00 to $30.00 and gave the company an “underweight” rating in a research note on Friday, September 6th.

Marcus & Millichap Stock Up 0.9 %

Shares of NYSE MMI opened at $37.99 on Monday. The stock’s 50 day moving average price is $39.79 and its two-hundred day moving average price is $37.53. Marcus & Millichap, Inc. has a 52-week low of $29.93 and a 52-week high of $44.24. The stock has a market capitalization of $1.47 billion, a P/E ratio of -46.90 and a beta of 1.15.

Marcus & Millichap Company Profile

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.