Reinhart Partners LLC. Acquires 73,792 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

Reinhart Partners LLC. raised its position in Marcus & Millichap, Inc. (NYSE:MMI) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,909,491 shares of the real estate investment trust’s stock after acquiring an additional 73,792 shares during the quarter. Marcus & Millichap makes up about 2.8% of Reinhart Partners LLC.’s holdings, making the stock its 10th largest holding. Reinhart Partners LLC.’s holdings in Marcus & Millichap were worth $73,057,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MMI. BNP Paribas Financial Markets grew its stake in shares of Marcus & Millichap by 8.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 400 shares during the period. Hsbc Holdings PLC purchased a new position in Marcus & Millichap in the 2nd quarter valued at about $212,000. Oppenheimer Asset Management Inc. purchased a new position in Marcus & Millichap in the 2nd quarter valued at about $256,000. Inspire Investing LLC purchased a new position in Marcus & Millichap in the 3rd quarter valued at about $416,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Marcus & Millichap by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,220 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 750 shares in the last quarter. 62.78% of the stock is owned by institutional investors and hedge funds.

Marcus & Millichap Stock Up 0.9 %

Shares of MMI stock traded up $0.32 during trading hours on Monday, hitting $34.26. 39,897 shares of the company were exchanged, compared to its average volume of 74,418. The firm has a market cap of $1.33 billion, a PE ratio of -42.30 and a beta of 1.16. Marcus & Millichap, Inc. has a 1 year low of $29.93 and a 1 year high of $42.80. The firm has a fifty day moving average of $39.62 and a 200 day moving average of $38.22.

Marcus & Millichap Profile

Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.