Marcus & Millichap, Inc. (NYSE:MMI) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,300 shares of the real estate investment trust’s stock after selling 5,900 shares during the period. Swiss National Bank owned 0.13% of Marcus & Millichap worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in MMI. Signaturefd LLC boosted its stake in Marcus & Millichap by 112.6% during the 4th quarter. Signaturefd LLC now owns 623 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 330 shares during the period. Quantbot Technologies LP acquired a new position in Marcus & Millichap in the 3rd quarter valued at about $75,000. Scharf Investments LLC purchased a new stake in Marcus & Millichap during the 4th quarter valued at approximately $217,000. Savant Capital LLC purchased a new stake in Marcus & Millichap during the 4th quarter valued at approximately $219,000. Finally, Lido Advisors LLC acquired a new stake in Marcus & Millichap during the 3rd quarter worth approximately $242,000. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Monday, May 13th.

Insider Transactions at Marcus & Millichap

In related news, COO John David Parker sold 9,716 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $32.83, for a total transaction of $318,976.28. Following the transaction, the chief operating officer now owns 12,376 shares of the company’s stock, valued at $406,304.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marcus & Millichap news, COO Richard D. Matricaria sold 9,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $33.32, for a total transaction of $316,540.00. Following the sale, the chief operating officer now owns 7,078 shares in the company, valued at approximately $235,838.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John David Parker sold 9,716 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $32.83, for a total value of $318,976.28. Following the sale, the chief operating officer now directly owns 12,376 shares in the company, valued at approximately $406,304.08. The disclosure for this sale can be found here. In the last three months, insiders sold 21,051 shares of company stock valued at $700,273. Corporate insiders own 39.20% of the company’s stock.

Marcus & Millichap Stock Down 1.2 %

NYSE MMI opened at $32.94 on Friday. The stock has a market capitalization of $1.27 billion, a P/E ratio of -32.94 and a beta of 1.20. Marcus & Millichap, Inc. has a 52-week low of $26.81 and a 52-week high of $44.24. The firm has a 50-day moving average price of $32.95 and a 200 day moving average price of $35.59.

Marcus & Millichap Profile

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, as well as capital markets.