Harbor Capital Advisors Inc. Acquires 39,235 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Harbor Capital Advisors Inc. boosted its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 25.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,689 shares of the real estate investment trust's stock after purchasing an additional 39,235 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.49% of Marcus & Millichap worth $6,604,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its stake in Marcus & Millichap by 104.7% in the 3rd quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust's stock worth $2,393,000 after purchasing an additional 30,884 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Marcus & Millichap by 2.5% during the fourth quarter. Rhumbline Advisers now owns 73,033 shares of the real estate investment trust's stock worth $2,794,000 after purchasing an additional 1,805 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Marcus & Millichap by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 116,694 shares of the real estate investment trust's stock worth $4,465,000 after purchasing an additional 3,562 shares during the last quarter. Handelsbanken Fonder AB raised its stake in 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 worth $332,000 after acquiring an additional 900 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in Marcus & Millichap by 12.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,686 shares of the real estate investment trust's stock valued at $371,000 after acquiring an additional 1,035 shares in the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.

Marcus & Millichap Stock Down 0.3%

MMI stock traded down $0.08 during midday trading on Thursday, reaching $30.89. The company's stock had a trading volume of 17,361 shares, compared to its average volume of 104,991. Marcus & Millichap, Inc. has a 52 week low of $27.61 and a 52 week high of $42.80. The stock has a market cap of $1.20 billion, a PE ratio of -96.53 and a beta of 1.22. The business's 50-day simple moving average is $30.06 and its 200-day simple moving average is $35.01.

Marcus & Millichap (NYSE:MMI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The real estate investment trust reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.05. The firm had revenue of $145.04 million during the quarter, compared to analysts' expectations of $140.20 million. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%.

Marcus & Millichap Company 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.