Lazard Asset Management LLC Acquires 952 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Lazard Asset Management LLC boosted its holdings in Marcus & Millichap, Inc. (NYSE:MMIGet Rating) by 117.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,760 shares of the real estate investment trust’s stock after purchasing an additional 952 shares during the quarter. Lazard Asset Management LLC’s holdings in Marcus & Millichap were worth $65,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MMI. Oppenheimer & Co. Inc. bought a new stake in shares of Marcus & Millichap during the second quarter valued at approximately $605,000. Cambiar Investors LLC bought a new stake in shares of Marcus & Millichap during the second quarter valued at approximately $1,638,000. Los Angeles Capital Management LLC increased its holdings in shares of Marcus & Millichap by 6.3% during the second quarter. Los Angeles Capital Management LLC now owns 10,007 shares of the real estate investment trust’s stock valued at $370,000 after acquiring an additional 590 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Marcus & Millichap by 10.2% during the second quarter. Royce & Associates LP now owns 1,584,177 shares of the real estate investment trust’s stock valued at $58,599,000 after acquiring an additional 147,129 shares in the last quarter. Finally, Aviva PLC increased its holdings in shares of Marcus & Millichap by 65.6% during the second quarter. Aviva PLC now owns 51,577 shares of the real estate investment trust’s stock valued at $1,908,000 after acquiring an additional 20,436 shares in the last quarter. 60.73% of the stock is currently owned by institutional investors.

Marcus & Millichap Trading Up 0.6 %

Shares of Marcus & Millichap stock opened at $37.57 on Friday. The stock has a fifty day simple moving average of $35.30 and a 200 day simple moving average of $37.55. Marcus & Millichap, Inc. has a 12-month low of $31.11 and a 12-month high of $58.33. The company has a market capitalization of $1.48 billion, a P/E ratio of 9.61 and a beta of 1.02.

Insiders Place Their Bets

In other Marcus & Millichap news, insider Gregory A. Laberge sold 1,257 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $36.75, for a total value of $46,194.75. Following the transaction, the insider now owns 8,915 shares of the company’s stock, valued at $327,626.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 38.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MMI. Wells Fargo & Company decreased their price objective on Marcus & Millichap from $30.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, September 23rd. StockNews.com initiated coverage on Marcus & Millichap in a report on Wednesday, October 12th. They set a “hold” rating for the company.

Marcus & Millichap Company Profile

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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.

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

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