Natixis Advisors LLC Buys 2,895 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Natixis Advisors LLC lifted its position in Marcus & Millichap, Inc. (NYSE:MMI) by 15.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 21,377 shares of the real estate investment trust’s stock after acquiring an additional 2,895 shares during the quarter. Natixis Advisors LLC’s holdings in Marcus & Millichap were worth $847,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MMI. LRI Investments LLC purchased a new stake in shares of Marcus & Millichap during the 1st quarter worth approximately $143,000. Heritage Family Offices LLP purchased a new stake in Marcus & Millichap during the second quarter valued at $207,000. Hsbc Holdings PLC bought a new position in Marcus & Millichap during the second quarter valued at $212,000. Scharf Investments LLC grew its stake in shares of Marcus & Millichap by 17.9% in the 2nd quarter. Scharf Investments LLC now owns 6,962 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 1,057 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Marcus & Millichap by 12.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 767 shares during the last quarter. 62.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marcus & Millichap news, Director Norma J. Lawrence sold 1,123 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $40.00, for a total value of $44,920.00. Following the completion of the sale, the director now owns 24,971 shares of the company’s stock, valued at $998,840. This trade represents a 4.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 39.89% of the stock is owned by insiders.

Marcus & Millichap Stock Performance

Shares of Marcus & Millichap stock opened at $41.91 on Thursday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -52.12 and a beta of 1.14. The stock has a 50 day moving average price of $39.01 and a 200-day moving average price of $36.65. Marcus & Millichap, Inc. has a one year low of $29.93 and a one year high of $44.24.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company increased their price target on shares of Marcus & Millichap from $20.00 to $30.00 and gave the company an “underweight” rating in a report on Friday, September 6th.

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.