Scharf Investments LLC Has $202,000 Position in Marcus & Millichap, Inc. (NYSE:MMI)

Scharf Investments LLC raised its position in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 18.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,905 shares of the real estate investment trust’s stock after purchasing an additional 933 shares during the quarter. Scharf Investments LLC’s holdings in Marcus & Millichap were worth $202,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MMI. Janney Montgomery Scott LLC raised its stake in Marcus & Millichap by 19.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 14,204 shares of the real estate investment trust’s stock valued at $417,000 after purchasing an additional 2,284 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Marcus & Millichap by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 321,202 shares of the real estate investment trust’s stock valued at $9,424,000 after acquiring an additional 18,706 shares in the last quarter. FMR LLC grew its holdings in shares of Marcus & Millichap by 132.3% during the 3rd quarter. FMR LLC now owns 816,916 shares of the real estate investment trust’s stock valued at $23,968,000 after acquiring an additional 465,237 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of Marcus & Millichap by 25.3% during the 3rd quarter. Natixis Advisors L.P. now owns 15,967 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 3,225 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Marcus & Millichap during the 3rd quarter valued at $405,000. 62.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marcus & Millichap

In other Marcus & Millichap news, COO John David Parker sold 1,835 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $35.29, for a total transaction of $64,757.15. Following the completion of the sale, the chief operating officer now directly owns 13,373 shares in the company, valued at $471,933.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO John David Parker sold 1,835 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $35.29, for a total value of $64,757.15. Following the completion of the transaction, the chief operating officer now owns 13,373 shares of the company’s stock, valued at $471,933.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory A. Laberge sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $32.68, for a total transaction of $32,680.00. Following the sale, the insider now directly owns 6,050 shares of the company’s stock, valued at approximately $197,714. The disclosure for this sale can be found here. Corporate insiders own 39.20% of the company’s stock.

Marcus & Millichap Stock Up 1.7 %

Shares of Marcus & Millichap stock traded up $0.53 on Thursday, hitting $31.44. 81,440 shares of the company traded hands, compared to its average volume of 148,836. The company has a 50-day moving average price of $32.30 and a 200 day moving average price of $35.31. Marcus & Millichap, Inc. has a 12-month low of $26.81 and a 12-month high of $44.24. The company has a market cap of $1.22 billion, a PE ratio of -30.92 and a beta of 1.10.

Marcus & Millichap (NYSE:MMI) last released its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter. Marcus & Millichap had a negative net margin of 6.16% and a negative return on equity of 5.91%. The firm had revenue of $129.10 million for the quarter.

Analyst Upgrades and Downgrades

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

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.