Natixis Advisors LLC Boosts Stock Position in Marcus & Millichap, Inc. (NYSE:MMI)

Natixis Advisors LLC raised its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 15.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,377 shares of the real estate investment trust’s stock after purchasing an additional 2,895 shares during the quarter. Natixis Advisors LLC owned 0.06% of Marcus & Millichap worth $847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MMI. Royce & Associates LP increased its holdings in shares of Marcus & Millichap by 0.3% in the 3rd quarter. Royce & Associates LP now owns 2,303,153 shares of the real estate investment trust’s stock worth $91,274,000 after purchasing an additional 6,000 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Marcus & Millichap by 6.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 530 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Marcus & Millichap by 103.8% in the 3rd 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 during the last quarter. Janney Montgomery Scott LLC lifted its stake in Marcus & Millichap by 6.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,421 shares of the real estate investment trust’s stock valued at $928,000 after acquiring an additional 1,392 shares during the period. Finally, Hunter Perkins Capital Management LLC boosted its holdings in shares of Marcus & Millichap by 14.0% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 32,910 shares of the real estate investment trust’s stock valued at $1,304,000 after acquiring an additional 4,035 shares during the last quarter. Institutional investors own 62.78% of the company’s stock.

Insider Buying and Selling at Marcus & Millichap

In related news, Director Norma J. Lawrence sold 1,123 shares of Marcus & Millichap stock in a transaction on Friday, September 13th. The stock was sold at an average price of $40.00, for a total transaction of $44,920.00. Following the transaction, the director now directly owns 24,971 shares in the company, valued at approximately $998,840. The trade was a 4.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 39.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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 report on Friday, September 6th.

Marcus & Millichap Price Performance

MMI stock opened at $41.91 on Thursday. Marcus & Millichap, Inc. has a 1 year low of $29.93 and a 1 year high of $44.24. The company has a market cap of $1.63 billion, a P/E ratio of -52.12 and a beta of 1.14. The stock’s fifty day moving average price is $39.01 and its 200-day moving average price is $36.65.

About Marcus & Millichap

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.