Marcus & Millichap, Inc. (NYSE:MMI) Position Reduced by Millennium Management LLC

Millennium Management LLC trimmed its position in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 67.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,751 shares of the real estate investment trust's stock after selling 20,202 shares during the period. Millennium Management LLC's holdings in Marcus & Millichap were worth $373,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MMI. Sterling Capital Management LLC boosted its position 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 worth $29,000 after purchasing an additional 670 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus & Millichap in the fourth quarter worth about $172,000. Aquatic Capital Management LLC grew its stake in shares of Marcus & Millichap by 248.0% in the fourth quarter. Aquatic Capital Management LLC now owns 7,309 shares of the real estate investment trust's stock valued at $280,000 after buying an additional 5,209 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Marcus & Millichap by 5.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,756 shares of the real estate investment trust's stock valued at $297,000 after buying an additional 421 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in Marcus & Millichap by 11.6% during the 4th 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 in the last quarter. 62.78% of the stock is owned by hedge funds and other institutional investors.

Marcus & Millichap Price Performance

NYSE MMI traded down $0.07 on Thursday, reaching $30.90. The company had a trading volume of 7,657 shares, compared to its average volume of 104,940. Marcus & Millichap, Inc. has a 1 year low of $27.61 and a 1 year high of $42.80. The firm has a 50-day moving average of $30.06 and a 200-day moving average of $35.01. The firm has a market capitalization of $1.20 billion, a PE ratio of -96.56 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) earnings per share for the quarter, beating 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 business had revenue of $145.04 million during the quarter, compared to analyst estimates of $140.20 million.

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.