BNP Paribas Financial Markets Sells 6,756 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

BNP Paribas Financial Markets trimmed its position in Marcus & Millichap, Inc. (NYSE:MMIFree Report) by 37.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,281 shares of the real estate investment trust’s stock after selling 6,756 shares during the period. BNP Paribas Financial Markets’ holdings in Marcus & Millichap were worth $493,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Marcus & Millichap by 112.6% in the 4th quarter. Signaturefd LLC now owns 623 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 330 shares during the period. Natixis Advisors L.P. boosted its holdings in Marcus & Millichap by 5.7% in the 4th quarter. Natixis Advisors L.P. now owns 16,877 shares of the real estate investment trust’s stock valued at $737,000 after purchasing an additional 910 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Marcus & Millichap by 5.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 21,894 shares of the real estate investment trust’s stock valued at $642,000 after purchasing an additional 1,065 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Marcus & Millichap by 7.6% during the 4th quarter. SG Americas Securities LLC now owns 17,395 shares of the real estate investment trust’s stock worth $760,000 after acquiring an additional 1,235 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Marcus & Millichap by 31.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,090 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 1,713 shares during the last quarter. 62.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Gregory A. Laberge sold 1,000 shares of Marcus & Millichap stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $32.68, for a total value of $32,680.00. Following the transaction, the insider now owns 6,050 shares in the company, valued at approximately $197,714. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Gregory A. Laberge sold 1,000 shares of Marcus & Millichap stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $32.68, for a total value of $32,680.00. Following the transaction, the insider now owns 6,050 shares in the company, valued at approximately $197,714. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John David Parker sold 1,835 shares of Marcus & Millichap stock in a transaction on Friday, May 17th. The stock was sold at an average price of $35.29, for a total transaction of $64,757.15. Following the completion of the transaction, the chief operating officer now owns 13,373 shares in the company, valued at approximately $471,933.17. The disclosure for this sale can be found here. Insiders have sold a total of 22,051 shares of company stock worth $732,953 in the last 90 days. 39.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Monday, May 13th.

Read Our Latest Stock Analysis on MMI

Marcus & Millichap Stock Performance

NYSE MMI opened at $32.33 on Monday. Marcus & Millichap, Inc. has a 52-week low of $26.81 and a 52-week high of $44.24. The company has a market capitalization of $1.25 billion, a P/E ratio of -32.33 and a beta of 1.20. The company has a fifty day moving average of $32.97 and a 200-day moving average of $35.71.

Marcus & Millichap (NYSE:MMIGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter. Marcus & Millichap had a negative return on equity of 5.91% and a negative net margin of 6.16%. The company had revenue of $129.10 million for the quarter.

Marcus & Millichap Company Profile

(Free Report)

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.

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

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