Jane Street Group LLC Has $387,000 Stock Position in Marcus & Millichap, Inc. (NYSE:MMI)

Jane Street Group LLC lowered its stake in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 69.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,123 shares of the real estate investment trust's stock after selling 23,121 shares during the quarter. Jane Street Group LLC's holdings in Marcus & Millichap were worth $387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in Marcus & Millichap by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 597,338 shares of the real estate investment trust's stock valued at $22,859,000 after purchasing an additional 2,193 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Marcus & Millichap by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 403,560 shares of the real estate investment trust's stock valued at $15,440,000 after buying an additional 18,785 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Marcus & Millichap by 21.1% in the 4th quarter. Jennison Associates LLC now owns 264,435 shares of the real estate investment trust's stock valued at $10,117,000 after buying an additional 46,154 shares during the last quarter. Northern Trust Corp grew its stake in shares of Marcus & Millichap by 1.2% in the fourth quarter. Northern Trust Corp now owns 248,750 shares of the real estate investment trust's stock valued at $9,517,000 after buying an additional 2,858 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Marcus & Millichap by 61.5% during the fourth quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust's stock worth $4,709,000 after buying an additional 46,865 shares during the last quarter. Institutional investors own 62.78% of the company's stock.

Marcus & Millichap Price Performance

NYSE MMI traded up $0.02 on Wednesday, hitting $29.47. 116,305 shares of the stock were exchanged, compared to its average volume of 105,170. The company has a market capitalization of $1.15 billion, a PE ratio of -92.09 and a beta of 1.24. The business's fifty day moving average is $30.38 and its 200 day moving average is $35.37. Marcus & Millichap, Inc. has a 52 week low of $27.61 and a 52 week high of $42.80.

Marcus & Millichap (NYSE:MMI - Get Free Report) 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 business had revenue of $145.04 million for the quarter, compared to analysts' expectations of $140.20 million. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%.

Insiders Place Their Bets

In other news, insider Gregory A. Laberge sold 2,915 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $34.78, for a total value of $101,383.70. Following the transaction, the insider now owns 2,307 shares of the company's stock, valued at approximately $80,237.46. This represents a 55.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 39.20% of the company's stock.

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.