D.A. Davidson & CO. acquired a new stake in shares of Marcus & Millichap Inc (NYSE:MMI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,058 shares of the real estate investment trust’s stock, valued at approximately $208,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in Marcus & Millichap in the fourth quarter valued at approximately $99,000. State of Alaska Department of Revenue acquired a new stake in Marcus & Millichap in the fourth quarter valued at approximately $243,000. California Public Employees Retirement System acquired a new stake in Marcus & Millichap in the second quarter valued at approximately $246,000. Stevens Capital Management LP acquired a new stake in Marcus & Millichap in the third quarter valued at approximately $264,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Marcus & Millichap in the fourth quarter valued at approximately $275,000. 53.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Marcus & Millichap stock opened at $39.45 on Thursday. The company has a quick ratio of 4.67, a current ratio of 4.67 and a debt-to-equity ratio of 0.02. Marcus & Millichap Inc has a 1-year low of $30.63 and a 1-year high of $41.45. The firm has a market capitalization of $1.48 billion, a PE ratio of 24.35, a PEG ratio of 2.94 and a beta of 1.24.
A number of analysts have issued reports on the stock. Zacks Investment Research cut shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.67.
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Marcus & Millichap Profile
Marcus & Millichap, Inc, a brokerage firm, provides 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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