Reinhart Partners LLC. grew its position in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 13.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,162,935 shares of the real estate investment trust's stock after purchasing an additional 253,444 shares during the period. Marcus & Millichap makes up approximately 2.7% of Reinhart Partners LLC.'s investment portfolio, making the stock its 15th biggest position. Reinhart Partners LLC. owned 5.52% of Marcus & Millichap worth $74,513,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC lifted its stake in Marcus & Millichap by 807.2% in the fourth quarter. Sterling Capital Management LLC now owns 753 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 670 shares during the last quarter. State of Wyoming purchased a new stake in shares of Marcus & Millichap during the 4th quarter worth $156,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus & Millichap during the fourth quarter valued at about $172,000. Two Sigma Investments LP purchased a new position in Marcus & Millichap during the 4th quarter worth $230,000. Finally, Heritage Family Offices LLP raised its holdings 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 worth $261,000 after buying an additional 556 shares during the last quarter. 62.78% of the stock is currently owned by institutional investors.
Marcus & Millichap Stock Performance
Shares of MMI traded up $0.49 during trading hours on Tuesday, hitting $30.69. The stock had a trading volume of 80,720 shares, compared to its average volume of 105,079. Marcus & Millichap, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $42.80. The firm has a 50-day moving average price of $30.07 and a 200 day moving average price of $35.04. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -95.92 and a beta of 1.22.
Marcus & Millichap (NYSE:MMI - Get Free Report) last released its quarterly 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. Marcus & Millichap had a negative return on equity of 1.98% and a negative net margin of 1.78%. The business had revenue of $145.04 million during the quarter, compared to analyst estimates of $140.20 million.
About Marcus & Millichap
(
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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