Swiss National Bank Sells 5,900 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Swiss National Bank decreased its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,300 shares of the real estate investment trust’s stock after selling 5,900 shares during the quarter. Swiss National Bank’s holdings in Marcus & Millichap were worth $2,153,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Marcus & Millichap by 112.6% during the fourth 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 last quarter. State Board of Administration of Florida Retirement System grew its stake in Marcus & Millichap by 5.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 21,894 shares of the real estate investment trust’s stock worth $642,000 after acquiring an additional 1,065 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Marcus & Millichap by 7.6% during the fourth quarter. SG Americas Securities LLC now owns 17,395 shares of the real estate investment trust’s stock worth $760,000 after acquiring an additional 1,235 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Marcus & Millichap by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,090 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 1,713 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Marcus & Millichap by 19.2% in the third 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. Institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Price Performance

Marcus & Millichap stock opened at $32.94 on Friday. Marcus & Millichap, Inc. has a 1-year low of $26.81 and a 1-year high of $44.24. The business has a fifty day moving average price of $32.95 and a 200-day moving average price of $35.59. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -32.94 and a beta of 1.20.

Wall Street Analyst Weigh In

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

Insider Activity at Marcus & Millichap

In related news, COO John David Parker sold 1,835 shares of Marcus & Millichap stock in a transaction dated Friday, May 17th. The stock was 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 owns 13,373 shares of the company’s stock, valued at $471,933.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Richard D. Matricaria sold 9,500 shares of Marcus & Millichap stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $33.32, for a total value of $316,540.00. Following the completion of the transaction, the chief operating officer now owns 7,078 shares in the company, valued at approximately $235,838.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO John David Parker sold 1,835 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $35.29, for a total value of $64,757.15. Following the transaction, the chief operating officer now directly owns 13,373 shares of the company’s stock, valued at $471,933.17. The disclosure for this sale can be found here. Insiders have sold a total of 21,051 shares of company stock valued at $700,273 in the last ninety days. Company insiders own 39.20% of the company’s stock.

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.