Marcus & Millichap, Inc. (NYSE:MMI) Position Decreased by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,941 shares of the real estate investment trust’s stock after selling 3,054 shares during the period. SG Americas Securities LLC’s holdings in Marcus & Millichap were worth $495,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Marcus & Millichap by 104.7% during the 3rd quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust’s stock valued at $2,393,000 after acquiring an additional 30,884 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 12,401 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Marcus & Millichap by 8.4% in 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 period. Reinhart Partners LLC. increased its stake in Marcus & Millichap by 4.0% in the 4th quarter. Reinhart Partners LLC. now owns 1,909,491 shares of the real estate investment trust’s stock worth $73,057,000 after purchasing an additional 73,792 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Marcus & Millichap by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 15,753 shares of the real estate investment trust’s stock worth $580,000 after buying an additional 1,478 shares during the period. 62.78% of the stock is currently owned by institutional investors.

Marcus & Millichap Price Performance

Shares of MMI opened at $38.28 on Friday. The company has a 50-day moving average of $38.49 and a two-hundred day moving average of $38.63. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -47.26 and a beta of 1.16. Marcus & Millichap, Inc. has a one year low of $29.93 and a one year high of $42.80.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($0.14) EPS for the quarter. Marcus & Millichap had a negative return on equity of 4.95% and a negative net margin of 5.01%. The firm had revenue of $168.51 million during the quarter.

About Marcus & Millichap

Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.