Harbor Capital Advisors Inc. increased its position in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,689 shares of the real estate investment trust's stock after purchasing an additional 39,235 shares during the period. Harbor Capital Advisors Inc. owned 0.49% of Marcus & Millichap worth $6,604,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sterling Capital Management LLC lifted its stake in Marcus & Millichap by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 670 shares during the period. State of Wyoming bought a new position in shares of Marcus & Millichap during the fourth quarter worth $156,000. KLP Kapitalforvaltning AS purchased a new position in Marcus & Millichap during the 4th quarter valued at approximately $172,000. Two Sigma Investments LP bought a new stake in Marcus & Millichap during the fourth quarter worth approximately $230,000. Finally, Heritage Family Offices LLP raised its stake in shares of Marcus & Millichap by 7.9% in the first quarter. Heritage Family Offices LLP now owns 7,586 shares of the real estate investment trust's stock valued at $261,000 after acquiring an additional 556 shares during the period. Institutional investors own 62.78% of the company's stock.
Marcus & Millichap Stock Performance
Marcus & Millichap stock traded down $1.34 during mid-day trading on Friday, hitting $29.54. The company's stock had a trading volume of 70,068 shares, compared to its average volume of 104,740. The stock has a market cap of $1.15 billion, a PE ratio of -92.31 and a beta of 1.22. The company has a 50 day moving average of $30.05 and a 200-day moving average of $34.80. Marcus & Millichap, Inc. has a one year low of $27.61 and a one year high of $42.80.
Marcus & Millichap (NYSE:MMI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported ($0.11) EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $145.04 million during the quarter, compared to the consensus estimate of $140.20 million.
Marcus & Millichap Profile
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Free Report)
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.
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