Tudor Investment Corp ET AL Buys Shares of 19,747 Marcus & Millichap, Inc. (NYSE:MMI)

Tudor Investment Corp ET AL acquired a new position in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,747 shares of the real estate investment trust's stock, valued at approximately $756,000. Tudor Investment Corp ET AL owned 0.05% of Marcus & Millichap at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MMI. Reinhart Partners LLC. raised its stake in Marcus & Millichap by 4.0% during the fourth quarter. Reinhart Partners LLC. now owns 1,909,491 shares of the real estate investment trust's stock worth $73,057,000 after acquiring an additional 73,792 shares during the period. Norges Bank acquired a new stake in shares of Marcus & Millichap during the 4th quarter worth approximately $2,727,000. JPMorgan Chase & Co. lifted its holdings in shares of Marcus & Millichap by 61.5% in the 4th quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust's stock worth $4,709,000 after purchasing an additional 46,865 shares during the last quarter. Jennison Associates LLC boosted its position in Marcus & Millichap by 21.1% during 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 purchasing an additional 46,154 shares during the period. Finally, Barclays PLC grew its stake in Marcus & Millichap by 104.7% during the 3rd quarter. Barclays PLC now owns 60,379 shares of the real estate investment trust's stock worth $2,393,000 after buying an additional 30,884 shares during the last quarter. Institutional investors own 62.78% of the company's stock.

Marcus & Millichap Stock Down 0.9 %

MMI stock traded down $0.27 during mid-day trading on Friday, reaching $29.81. The company had a trading volume of 105,958 shares, compared to its average volume of 102,134. The stock's 50-day simple moving average is $32.79 and its two-hundred day simple moving average is $36.66. The stock has a market capitalization of $1.17 billion, a P/E ratio of -93.16 and a beta of 1.24. Marcus & Millichap, Inc. has a one year low of $29.00 and a one year high of $42.80.

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

Insiders Place Their Bets

In other news, insider Gregory A. Laberge sold 828 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $38.26, for a total value of $31,679.28. Following the completion of the sale, the insider now owns 5,222 shares in the company, valued at $199,793.72. This represents a 13.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 39.89% of the stock is currently owned by insiders.

About Marcus & Millichap

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.