WINTON GROUP Ltd raised its stake in shares of Marcus & Millichap Inc (NYSE:MMI) by 71.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,978 shares of the real estate investment trust’s stock after purchasing an additional 5,409 shares during the period. WINTON GROUP Ltd’s holdings in Marcus & Millichap were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of MMI. BlackRock Inc. grew its stake in shares of Marcus & Millichap by 82.9% during the second quarter. BlackRock Inc. now owns 1,943,505 shares of the real estate investment trust’s stock valued at $75,817,000 after buying an additional 880,988 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Marcus & Millichap by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,115,290 shares of the real estate investment trust’s stock valued at $43,508,000 after buying an additional 35,755 shares during the last quarter. Granite Investment Partners LLC grew its stake in shares of Marcus & Millichap by 0.5% during the second quarter. Granite Investment Partners LLC now owns 636,345 shares of the real estate investment trust’s stock valued at $24,824,000 after buying an additional 3,095 shares during the last quarter. Tributary Capital Management LLC grew its stake in shares of Marcus & Millichap by 8.6% during the second quarter. Tributary Capital Management LLC now owns 632,806 shares of the real estate investment trust’s stock valued at $24,686,000 after buying an additional 50,063 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Marcus & Millichap by 39.4% during the second quarter. Renaissance Technologies LLC now owns 348,600 shares of the real estate investment trust’s stock valued at $13,599,000 after buying an additional 98,600 shares during the last quarter. Institutional investors and hedge funds own 52.40% of the company’s stock.

In related news, Director George M. Marcus sold 1,909 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $36.68, for a total value of $70,022.12. Following the transaction, the director now owns 18,021 shares of the company’s stock, valued at $661,010.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George M. Marcus sold 1,420 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $36.81, for a total value of $52,270.20. Following the completion of the transaction, the director now directly owns 18,021 shares in the company, valued at approximately $663,353.01. The disclosure for this sale can be found here. In the last three months, insiders sold 992,125 shares of company stock worth $35,622,193. 50.10% of the stock is owned by insiders.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Marcus & Millichap from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, November 13th. ValuEngine raised Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Finally, JMP Securities cut Marcus & Millichap from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Marcus & Millichap currently has a consensus rating of “Buy” and a consensus price target of $41.67.

Shares of NYSE:MMI opened at $36.68 on Tuesday. Marcus & Millichap Inc has a 52-week low of $28.89 and a 52-week high of $41.45. The company has a market capitalization of $1.43 billion, a P/E ratio of 22.64, a PEG ratio of 3.07 and a beta of 1.13. The company has a current ratio of 4.67, a quick ratio of 4.67 and a debt-to-equity ratio of 0.02.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Wednesday, November 7th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. Marcus & Millichap had a return on equity of 23.36% and a net margin of 8.83%. The company had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $192.58 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Marcus & Millichap’s revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts predict that Marcus & Millichap Inc will post 2.01 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “WINTON GROUP Ltd Buys 5,409 Shares of Marcus & Millichap Inc (MMI)” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2018/11/20/winton-group-ltd-buys-5409-shares-of-marcus-millichap-inc-mmi.html.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc, a brokerage firm, provides investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.

Read More: What is Cost of Debt?

Want to see what other hedge funds are holding MMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marcus & Millichap Inc (NYSE:MMI).

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

Receive News & Ratings for Marcus & Millichap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus & Millichap and related companies with MarketBeat.com's FREE daily email newsletter.