Trust Point Inc. Cuts Stake in Marcus & Millichap, Inc. (NYSE:MMI)

Trust Point Inc. reduced its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 57.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,444 shares of the real estate investment trust’s stock after selling 12,597 shares during the quarter. Trust Point Inc.’s holdings in Marcus & Millichap were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Marcus & Millichap in the fourth quarter valued at $66,000. BNP Paribas Financial Markets grew its holdings in shares of Marcus & Millichap by 8.4% in the third quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 400 shares in the last quarter. Heritage Family Offices LLP grew its holdings in shares of Marcus & Millichap by 7.1% in the fourth quarter. Heritage Family Offices LLP now owns 7,030 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 464 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Marcus & Millichap by 6.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 530 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Marcus & Millichap in the third quarter valued at $416,000. 62.78% of the stock is owned by hedge funds and other institutional investors.

Marcus & Millichap Stock Performance

MMI stock opened at $37.79 on Thursday. The firm has a fifty day moving average price of $38.20 and a 200 day moving average price of $38.62. Marcus & Millichap, Inc. has a fifty-two week low of $29.93 and a fifty-two week high of $42.80. The firm has a market cap of $1.47 billion, a PE ratio of -46.66 and a beta of 1.16.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($0.14) EPS for the quarter. The firm had revenue of $168.51 million for the quarter. Marcus & Millichap had a negative return on equity of 4.95% and a negative net margin of 5.01%.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.