Marcus & Millichap, Inc. (NYSE:MMI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,352 shares of the real estate investment trust’s stock after selling 3,681 shares during the period. Rhumbline Advisers owned approximately 0.18% of Marcus & Millichap worth $2,389,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MMI. Alliancebernstein L.P. grew its position in Marcus & Millichap by 0.9% during the 4th quarter. Alliancebernstein L.P. now owns 33,801 shares of the real estate investment trust’s stock worth $1,293,000 after purchasing an additional 289 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Marcus & Millichap by 5.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,756 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 421 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Marcus & Millichap by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,352 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 474 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Marcus & Millichap by 807.2% during the fourth 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, Handelsbanken Fonder AB raised its position in shares of Marcus & Millichap by 11.6% during the fourth quarter. Handelsbanken Fonder AB now owns 8,666 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 900 shares during the last quarter. Institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Stock Up 4.3%

NYSE MMI opened at $30.89 on Tuesday. The stock has a market cap of $1.20 billion, a P/E ratio of -96.54 and a beta of 1.22. The company’s 50-day simple moving average is $30.07 and its 200 day simple moving average is $34.67. Marcus & Millichap, Inc. has a twelve month low of $27.61 and a twelve month high of $42.80.

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

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.