Essex Investment Management Co. LLC Has $455,000 Stock Holdings in Marcus & Millichap, Inc. (NYSE:MMI)

Essex Investment Management Co. LLC decreased its position in Marcus & Millichap, Inc. (NYSE:MMIGet Rating) by 9.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,296 shares of the real estate investment trust’s stock after selling 1,214 shares during the period. Essex Investment Management Co. LLC’s holdings in Marcus & Millichap were worth $455,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Marcus & Millichap in the 2nd quarter valued at approximately $1,206,000. O Shaughnessy Asset Management LLC lifted its stake in Marcus & Millichap by 32.9% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 15,937 shares of the real estate investment trust’s stock valued at $590,000 after acquiring an additional 3,941 shares in the last quarter. Group One Trading L.P. bought a new stake in Marcus & Millichap in the 2nd quarter valued at approximately $111,000. Trexquant Investment LP raised its stake in shares of Marcus & Millichap by 174.9% during the 2nd quarter. Trexquant Investment LP now owns 11,263 shares of the real estate investment trust’s stock worth $417,000 after purchasing an additional 7,166 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Marcus & Millichap by 895.1% during the 2nd quarter. UBS Group AG now owns 117,631 shares of the real estate investment trust’s stock worth $4,351,000 after purchasing an additional 105,810 shares in the last quarter. Institutional investors own 60.73% of the company’s stock.

Marcus & Millichap Stock Up 0.6 %

Shares of MMI stock traded up $0.23 during trading on Thursday, reaching $37.57. 75,216 shares of the company’s stock were exchanged, compared to its average volume of 144,904. The stock has a market capitalization of $1.48 billion, a PE ratio of 9.61 and a beta of 1.02. Marcus & Millichap, Inc. has a twelve month low of $31.11 and a twelve month high of $58.33. The firm’s fifty day moving average price is $35.29 and its 200-day moving average price is $37.55.

Insider Buying and Selling

In other Marcus & Millichap news, insider Gregory A. Laberge sold 1,257 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $36.75, for a total value of $46,194.75. Following the transaction, the insider now directly owns 8,915 shares of the company’s stock, valued at approximately $327,626.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 38.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Marcus & Millichap in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company dropped their price objective on Marcus & Millichap from $30.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, September 23rd.

Marcus & Millichap Company Profile

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Marcus & Millichap, Inc, an investment brokerage company, provides real estate 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, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing.

Further Reading

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

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