OxFORD Asset Management LLP Has $1.99 Million Position in Marcus & Millichap, Inc. (MMI)

OxFORD Asset Management LLP lowered its position in Marcus & Millichap, Inc. (NYSE:MMI) by 56.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,429 shares of the real estate investment trust’s stock after selling 96,943 shares during the quarter. OxFORD Asset Management LLP owned about 0.20% of Marcus & Millichap worth $1,988,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in shares of Marcus & Millichap by 9.0% in the second quarter. Royce & Associates LP now owns 3,796,629 shares of the real estate investment trust’s stock valued at $100,079,000 after purchasing an additional 313,305 shares during the period. Aberdeen Asset Management PLC UK grew its holdings in shares of Marcus & Millichap by 7.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,513,020 shares of the real estate investment trust’s stock valued at $39,883,000 after purchasing an additional 104,127 shares during the period. Vanguard Group Inc. grew its holdings in shares of Marcus & Millichap by 6.2% in the second quarter. Vanguard Group Inc. now owns 1,274,198 shares of the real estate investment trust’s stock valued at $33,588,000 after purchasing an additional 74,624 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Marcus & Millichap by 18.7% in the second quarter. Dimensional Fund Advisors LP now owns 779,424 shares of the real estate investment trust’s stock valued at $20,546,000 after purchasing an additional 122,885 shares during the period. Finally, Tributary Capital Management LLC purchased a new stake in shares of Marcus & Millichap in the second quarter valued at about $13,409,000. 41.90% of the stock is owned by hedge funds and other institutional investors.

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Shares of Marcus & Millichap, Inc. (NYSE MMI) opened at 27.37 on Friday. Marcus & Millichap, Inc. has a one year low of $22.93 and a one year high of $30.31. The company has a 50 day moving average of $25.94 and a 200-day moving average of $25.53. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 17.89 and a beta of 1.55.

Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. The firm had revenue of $180.37 million during the quarter, compared to analysts’ expectations of $177.40 million. Marcus & Millichap had a return on equity of 22.56% and a net margin of 8.51%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. On average, analysts anticipate that Marcus & Millichap, Inc. will post $1.43 earnings per share for the current year.

MMI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.00.

In related news, SVP William E. Hughes sold 6,000 shares of Marcus & Millichap stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $26.99, for a total transaction of $161,940.00. Following the completion of the sale, the senior vice president now owns 40,540 shares in the company, valued at approximately $1,094,174.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William E. Hughes sold 5,000 shares of Marcus & Millichap stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $26.34, for a total value of $131,700.00. Following the sale, the senior vice president now owns 40,540 shares of the company’s stock, valued at approximately $1,067,823.60. The disclosure for this sale can be found here. Company insiders own 58.30% of the company’s stock.

About Marcus & Millichap

Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.

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

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