Price T Rowe Associates Inc. MD Has $349,000 Stock Holdings in Marcus & Millichap, Inc. (NYSE:MMI)

Price T Rowe Associates Inc. MD increased its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 18.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,112 shares of the real estate investment trust’s stock after purchasing an additional 1,437 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Marcus & Millichap were worth $349,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its holdings in Marcus & Millichap by 18.2% in the 4th quarter. Hsbc Holdings PLC now owns 8,957 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 1,376 shares in the last quarter. MetLife Investment Management LLC grew its position in Marcus & Millichap by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 14,473 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 946 shares during the last quarter. Barclays PLC boosted its position in Marcus & Millichap by 4.7% in the 4th quarter. Barclays PLC now owns 63,217 shares of the real estate investment trust’s stock valued at $2,418,000 after buying an additional 2,838 shares during the last quarter. Sterling Capital Management LLC boosted its position in Marcus & Millichap by 807.2% in the 4th quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 670 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Marcus & Millichap by 9.8% in the 4th quarter. Invesco Ltd. now owns 82,686 shares of the real estate investment trust’s stock valued at $3,164,000 after buying an additional 7,358 shares during the last quarter. Institutional investors and hedge funds own 62.78% of the company’s stock.

Insiders Place Their Bets

In other news, insider Gregory A. Laberge sold 828 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $38.26, for a total value of $31,679.28. Following the sale, the insider now directly owns 5,222 shares in the company, valued at $199,793.72. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 39.20% of the company’s stock.

Marcus & Millichap Stock Down 2.1%

MMI stock opened at $29.39 on Thursday. The business’s fifty day moving average is $32.28 and its 200-day moving average is $36.49. The company has a market cap of $1.15 billion, a P/E ratio of -91.84 and a beta of 1.24. Marcus & Millichap, Inc. has a twelve month low of $29.00 and a twelve month high of $42.80.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. The company had revenue of $145.04 million for the quarter, compared to the consensus estimate of $140.20 million. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%.

Marcus & Millichap Profile

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.