Marcus & Millichap Inc (NYSE:MMI) VP Mitchell R. Labar sold 10,586 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $31.24, for a total value of $330,706.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Mitchell R. Labar also recently made the following trade(s):
- On Thursday, March 14th, Mitchell R. Labar sold 787 shares of Marcus & Millichap stock. The stock was sold at an average price of $38.46, for a total value of $30,268.02.
Shares of NYSE MMI opened at $30.95 on Thursday. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 2.79 and a beta of 1.44. Marcus & Millichap Inc has a 1 year low of $29.71 and a 1 year high of $43.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Marcus & Millichap by 81.3% during the fourth quarter. BlackRock Inc. now owns 3,756,301 shares of the real estate investment trust’s stock valued at $128,953,000 after purchasing an additional 1,684,313 shares during the period. Norges Bank purchased a new stake in Marcus & Millichap during the 4th quarter valued at about $13,004,000. WINTON GROUP Ltd grew its stake in Marcus & Millichap by 1,514.5% during the 4th quarter. WINTON GROUP Ltd now owns 209,536 shares of the real estate investment trust’s stock valued at $7,193,000 after acquiring an additional 196,558 shares in the last quarter. Principal Financial Group Inc. grew its stake in Marcus & Millichap by 1,549.0% during the 4th quarter. Principal Financial Group Inc. now owns 199,525 shares of the real estate investment trust’s stock valued at $6,850,000 after acquiring an additional 187,425 shares in the last quarter. Finally, FMR LLC purchased a new stake in shares of Marcus & Millichap in the 1st quarter valued at approximately $5,202,000. 57.50% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on MMI. Zacks Investment Research cut Marcus & Millichap from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 23rd. ValuEngine lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th.
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Marcus & Millichap Company Profile
Marcus & Millichap, Inc, a 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, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.
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