Kennedy Capital Management Inc. lowered its holdings in Marcus & Millichap, Inc. (NYSE:MMI) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,279 shares of the real estate investment trust’s stock after selling 9,430 shares during the period. Kennedy Capital Management Inc. owned about 0.57% of Marcus & Millichap worth $5,727,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MMI. Royce & Associates LP boosted its position in Marcus & Millichap by 37.9% in the first quarter. Royce & Associates LP now owns 3,483,324 shares of the real estate investment trust’s stock worth $85,620,000 after purchasing an additional 957,701 shares during the last quarter. Tributary Capital Management LLC purchased a new position in Marcus & Millichap in the second quarter worth $13,409,000. Aberdeen Asset Management PLC UK boosted its position in Marcus & Millichap by 56.4% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,408,893 shares of the real estate investment trust’s stock worth $34,631,000 after purchasing an additional 507,862 shares during the last quarter. Vivaldi Asset Management LLC boosted its position in Marcus & Millichap by 3,527.7% in the second quarter. Vivaldi Asset Management LLC now owns 363,316 shares of the real estate investment trust’s stock worth $9,577,000 after purchasing an additional 353,301 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Marcus & Millichap in the first quarter worth $3,993,000. 41.90% of the stock is currently owned by institutional investors and hedge funds.

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MMI has been the topic of several research analyst reports. ValuEngine cut Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.

In other Marcus & Millichap news, SVP William E. Hughes sold 5,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $26.34, for a total transaction of $131,700.00. Following the sale, the senior vice president now directly owns 40,540 shares in the company, valued at approximately $1,067,823.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 58.30% of the company’s stock.

Shares of Marcus & Millichap, Inc. (NYSE MMI) opened at 25.58 on Thursday. The company has a market capitalization of $975.03 million, a price-to-earnings ratio of 16.72 and a beta of 1.55. The firm has a 50 day moving average price of $25.85 and a 200 day moving average price of $25.59. Marcus & Millichap, Inc. has a 52 week low of $22.93 and a 52 week high of $30.31.

Marcus & Millichap (NYSE:MMI) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. Marcus & Millichap had a return on equity of 22.56% and a net margin of 8.51%. The business had revenue of $180.37 million for the quarter, compared to the consensus estimate of $177.40 million. During the same period last year, the business posted $0.45 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Equities analysts forecast that Marcus & Millichap, Inc. will post $1.42 EPS for the current year.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.

Institutional Ownership by Quarter for Marcus & Millichap (NYSE:MMI)

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