Royce & Associates LP increased the proportion of Marcus & Millichap, Inc. (NYSE: MMI) shares it owned by 29.8 percent during the third quarter, as stated in the most recent Form 13F filing submitted to the Securities and Exchange Commission (SEC). The fund finished the period with a total holding of 2,056,728 shares, achieved following the purchase of an additional 472,551 shares of the Real Estate Investment Trust’s common stock throughout the period. Because it represents 0.8% of the company’s total assets, Royce & Associates LP ranks Marcus & Millichap as the 12th largest holding that the company possesses. Royce & Associates LP disclosed to the Securities and Exchange Commission in its most recent report that the company owned 5.15% of Marcus & Millichap, which at the time was valued at $67,420,000. This information was included in the report that the company submitted.
In addition, several institutional investors and other hedge funds have modified the percentage of their investments that they have allocated to the company. Barclays PLC increased the amount of Marcus & Millichap stock owned by 3.3% during the third quarter of the fiscal year. Barclays PLC has increased its holdings in the real estate investment trust stock by 1,477 shares, bringing its total number of shares to 46,176, which have a value of $1,514,000. This brings the total value of Barclays PLC’s holdings to $1,514,000. During the third quarter, Los Angeles Capital Management LLC achieved a 202.4% increase in the proportion of Marcus & Millichap stock it owned. Since the beginning of the third quarter, Los Angeles Capital Management LLC has increased the value of its holdings in the real estate investment trust by purchasing an additional 20,259 shares of the company’s stock, bringing the total value of its holdings to $992,000. Victory Capital Management Inc. raised the proportion of Marcus & Millichap stock owned by 43.6% during the third quarter of the fiscal year. After acquiring an additional 10,849 shares of the real estate investment trust over the preceding three months, Victory Capital Management Inc. now holds a total of 35,732 shares in the REIT. The current value of these shares, when traded on the market, is $1,171,000. Great West Life Assurance Company of Canada brought its ownership stake in Marcus & Millichap up to 28.9% during the third quarter of the fiscal year. After purchasing an additional 7,027 shares during the most recent quarter, Great West Life Assurance Co. is now the owner of 31,345 shares of the real estate investment trust. The company purchased these shares for $1,028,000 and was part of the initial purchase of 31,345 shares.
Additionally, during the third quarter, SG Americas Securities LLC added 10.6% more Marcus & Millichap stock to its holdings, bringing the total percentage of that company’s stock to 100%. SG Americas Securities LLC now has 4,248 real estate investment trust shares. This was accomplished by acquiring an additional 407 shares during the most recent quarter. There is a current value of $139,000 attached to these shares. Institutional investors and hedge funds collectively own 61.56% of the total number of shares in the company, making up the majority of the shareholders.
The NYSE MMI began trading on Thursday at $37.73 per share. For the past fifty days, the stock price has had a moving average of $36.04, and for the past 200 days, that price has had a moving average of $36.64. Marcus & Millichap, Inc. hit an all-time low of $31.11 in the past year, while the company reached an all-time high of $58.33 in that same period. The company’s market capitalization is estimated to be worth $1.49 billion, its price-to-earnings ratio is 9.65, and its beta value is 1.00.
On November 3, Marcus & Millichap (NYSE: MMI) shared the most recent earnings report related to its business. The real estate investment trust generated $0.53 per share earnings during the prior quarter. Marcus & Millichap had a return on equity of 22.51%, while the company’s net margin came in at 10.32%. The company generated total revenue of 323.84 million dollars during the period under consideration.
MMI has, in recent times, drawn the attention and commentary of several research companies. The first research report that StockNews.com would publish about Marcus & Millichap was made available for public consumption on October 12 (a Wednesday). They advised their clients to “hold” the stock moving forward. In a research note released on Friday, September 23, by Wells Fargo & Company, the stock of Marcus & Millichap was given an “underweight” rating. In addition, the company has revised its price target for the stock, bringing it down from $30.00 to $26.00.
Gregory A. Laberge, an executive, sold 1,257 shares of the company’s stock on November 10. It was determined that the shares were sold at an average price of $36.75, which resulted in a total revenue of $46,194.75 from the sale of the shares. As a result of the acquisition, the company’s insiders increased their shareholdings to a total of 8,915 shares, which have a value of $327,626.25. If you follow this link, you will be taken to a file submitted to the SEC, which will provide you with additional information regarding the sale. On November 10, a company insider named Gregory A. Laberge sold a total of 1,257 Marcus & Millichap stock shares. This is just one of the latest developments on this topic. The shares were sold at a price calculated to be the weighted average of $36.75, which resulted in revenue of $46,194.75. Following the successful transaction completion, the corporate insider now owns 8,915 shares, which have a total value of approximately $327,626.25 in the current market. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. In addition, on January 3, Hessam Nadji, CEO of Marcus & Millichap, sold 5,428 of the company’s shares, thereby contributing to the company’s equity. The sale of the shares brought in a total of $190,142.84, and the price paid for each share, on average, was $35.03. Following the completion of the transaction, the chief executive officer will have a total of 157,133 shares in the company, which will be valued at $5,504,368.99 at the current market price. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company have sold 8,185 shares over the past ninety days, bringing in a total of $290,563 in proceeds from the sales. 38. At this time, corporate insiders hold eighty percent of the equity in the company.
Marcus & Millichap, Inc. provides buyers and sellers of commercial real estate in the United States and Canada with access to real estate investment brokerage services and financing options for such transactions. These services can be found in both English and French. The company offers a variety of services, including research, financing, advisory, and research services, in addition to sales of commercial real estate investment properties. A variety of sub-sectors within this industry offer these services, including multifamily, retail, office, industrial, single-tenant net lease, senior housing, self-storage, hospitality, medical office, and manufactured housing.