Barclays PLC Purchases 30,884 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Barclays PLC raised its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 104.7% in the third quarter, HoldingsChannel.com reports. The firm owned 60,379 shares of the real estate investment trust’s stock after buying an additional 30,884 shares during the period. Barclays PLC’s holdings in Marcus & Millichap were worth $2,393,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Marcus & Millichap by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 384,775 shares of the real estate investment trust’s stock valued at $15,249,000 after buying an additional 12,401 shares during the last quarter. Quest Partners LLC boosted its stake in Marcus & Millichap by 144,346.2% during the 2nd quarter. Quest Partners LLC now owns 18,778 shares of the real estate investment trust’s stock valued at $592,000 after purchasing an additional 18,765 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Marcus & Millichap by 8.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Marcus & Millichap by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,522 shares of the real estate investment trust’s stock worth $2,478,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Marcus & Millichap by 6.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Marcus & Millichap Price Performance

Shares of MMI stock opened at $38.40 on Thursday. The firm has a 50-day moving average of $39.84 and a 200-day moving average of $37.68. Marcus & Millichap, Inc. has a one year low of $29.93 and a one year high of $44.24. The company has a market cap of $1.49 billion, a P/E ratio of -47.41 and a beta of 1.15.

Analyst Upgrades and Downgrades

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 research report on Friday, September 6th.

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.