Squarepoint Ops LLC Has $1.13 Million Holdings in Marcus & Millichap, Inc. (NYSE:MMI)

Squarepoint Ops LLC lessened its position in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 57.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,627 shares of the real estate investment trust's stock after selling 39,262 shares during the quarter. Squarepoint Ops LLC owned about 0.08% of Marcus & Millichap worth $1,134,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MMI. Geode Capital Management LLC raised its position in shares of Marcus & Millichap by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 597,338 shares of the real estate investment trust's stock valued at $22,859,000 after acquiring an additional 2,193 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Marcus & Millichap by 4.9% in the fourth 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 purchasing an additional 18,785 shares during the last quarter. Jennison Associates LLC lifted its stake in Marcus & Millichap by 21.1% in the fourth 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 period. Northern Trust Corp boosted its holdings in Marcus & Millichap by 1.2% during the fourth quarter. Northern Trust Corp now owns 248,750 shares of the real estate investment trust's stock worth $9,517,000 after buying an additional 2,858 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted 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

Shares of Marcus & Millichap stock traded up $0.19 during trading on Tuesday, hitting $29.19. 85,856 shares of the company were exchanged, compared to its average volume of 105,034. The firm has a market capitalization of $1.14 billion, a P/E ratio of -91.22 and a beta of 1.24. The firm's fifty day moving average price is $30.60 and its 200 day moving average price is $35.45. Marcus & Millichap, Inc. has a 1-year low of $27.61 and a 1-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) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.

Insider Activity

In other news, insider Gregory A. Laberge sold 2,915 shares of Marcus & Millichap stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $34.78, for a total transaction of $101,383.70. Following the transaction, the insider now owns 2,307 shares in the company, valued at $80,237.46. The trade was a 55.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.20% of the stock is owned by company insiders.

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.