Marcus George M: Marcus & Millichap, Inc decreased Its Stake

March 23, 2018 - By Adrian Mccoy

 Marcus George M: Marcus & Millichap, Inc decreased Its Stake

Investors sentiment increased to 2.1 in 2017 Q3. Its up 0.82, from 1.28 in 2017Q2. It is positive, as 7 investors sold Marcus & Millichap, Inc. shares while 23 reduced holdings. 25 funds opened positions while 38 raised stakes. 13.37 million shares or 12.48% less from 15.28 million shares in 2017Q2 were reported.

Essex Invest Mngmt Ltd Liability Corp reported 26,954 shares stake. Matarin Capital Mngmt Limited Liability Corp has 0.1% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 44,782 shares. State Bank Of New York Mellon owns 149,714 shares for 0% of their portfolio. Royal Financial Bank Of Canada reported 1,745 shares stake. Zebra Capital Mngmt holds 0.23% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI) for 26,835 shares. Dupont Cap Management owns 25,100 shares for 0.02% of their portfolio. Midas Mngmt has 0.21% invested in Marcus & Millichap, Inc. (NYSE:MMI). Boston Partners stated it has 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI). Envestnet Asset Management holds 0% or 15,934 shares. Prudential Financial Inc reported 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI). Alliancebernstein Lp accumulated 11,200 shares or 0% of the stock. Schroder Inv Gp holds 14,412 shares. Meeder Asset Management reported 68 shares. Pacific Ridge Capital Llc stated it has 0.44% in Marcus & Millichap, Inc. (NYSE:MMI). Dimensional Fund Advsrs Limited Partnership holds 873,709 shares.

Marcus George M Reported reduced Stake in Marcus & Millichap, Inc

Marcus George M filed with SEC a SC 13D/A form for Marcus & Millichap, Inc. It can be found at: 000119312518094278. As reported by Marcus George M, the filler decreased its stake in the stock by -3.52 % for 18,375,072 shares. Marcus George M currently owns 47.6% of the Finance- stock. Date of activity: March15, 2018.

Reasons Why Marcus George M Holds Marcus & Millichap, Inc

Item4. Purpose of Transaction

Item 4 of Amendment No.6 is hereby amended and supplemented by deleting the disclosure under paragraph (j)and adding the followingin its place:

“Except as described in this Item 4, Item 6 and potential pro rata distributions to Phoenix’s members, theReporting Persons do not have, as of the date of this Amendment No.7, any other plans or proposals that relate to or would result in any of the actions or events specified in clauses (a)through (i) of Item 4 of Schedule 13D. TheReporting Persons may change their plans or proposals in the future. In determining from time to time whether to sell or to distribute to Phoenix’s members the MMI Common Stock reported as beneficially owned in this Schedule 13D, as amended,(and in what amounts) or to retain such securities, the Reporting Persons will take into consideration such factors as they deem relevant, including the business and prospects of the Issuer, anticipated future developments concerning the Issuer,existing and anticipated market conditions from time to time, general economic conditions, regulatory matters, and other opportunities available to the Reporting Persons. The Reporting Persons reserve the right to acquire additional securities ofthe Issuer in the open market, in privately negotiated transactions (which may be with the Issuer or with third parties), or otherwise; to dispose of all or a portion of their holdings of securities of the Issuer; or to change their intention withrespect to any or all of the matters referred to in this Item 4.”

Item5. Interest in Securities of the Issuer.

Marcus & Millichap, Inc Institutional Sentiment

Filings show 93 investors own Marcus & Millichap, Inc. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 2194240. 13374675 were owned by these investors. 25 funds opened new Marcus & Millichap, Inc stakes, 38 increased positions. There were 7 that closed positions and 23 reduced them.

Eric Sprott Sprott Inc is an investor bullish on Marcus & Millichap, Inc, owning 110000 shares as of Q3 2017 for 0.76% of its portfolio. Clark Estates Inc owns 129000 shares or 0.58% of its portfolio. CO Tributary Capital Management Llc have 1.29% of its portfolio for 558106 shares. Further, Granite Investment Partners Llc reported stake worth 0.89% of its portfolio. The NY Three Corner Global Investors Lp owns 479687 shares. Marcus & Millichap, Inc is 3.63% of its portfolio.

SEC Form 13D.

Analysts await Marcus & Millichap, Inc. (NYSE:MMI) to report earnings on May, 8. They expect $0.37 EPS, up 19.35 % or $0.06 from last year’s $0.31 per share. MMI’s profit will be $14.28M for 23.73 P/E if the $0.37 EPS becomes a reality. After $0.51 actual EPS reported by Marcus & Millichap, Inc. for the previous quarter, Wall Street now forecasts -27.45 % negative EPS growth.

The stock decreased 2.80% or $1.01 during the last trading session, reaching $35.12. About 144,016 shares traded. Marcus & Millichap, Inc. (NYSE:MMI) has declined 0.91% since March 23, 2017 and is downtrending. It has underperformed by 17.61% the S&P500.

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 has market cap of $1.36 billion. The firm 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. It has a 26.61 P/E ratio. It also operates as a broker of debt financing for commercial properties.

Marcus & Millichap, Inc. (NYSE:MMI) Ratings Coverage

Among 4 analysts covering Marcus & Millichap (NYSE:MMI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Marcus & Millichap has $59 highest and $31.0 lowest target. $42.50’s average target is 21.01% above currents $35.12 stock price. Marcus & Millichap had 12 analyst reports since August 7, 2015 according to SRatingsIntel. On Wednesday, August 12 the stock rating was downgraded by Goldman Sachs to “Sell”. The company was downgraded on Monday, October 26 by JMP Securities. The firm has “Buy” rating by Citigroup given on Tuesday, November 14. The stock of Marcus & Millichap, Inc. (NYSE:MMI) has “Hold” rating given on Wednesday, March 21 by Wells Fargo. The rating was upgraded by JMP Securities to “Market Outperform” on Wednesday, January 24. Citigroup initiated the shares of MMI in report on Tuesday, December 20 with “Neutral” rating. On Wednesday, November 8 the stock rating was maintained by Wells Fargo with “Hold”. The rating was initiated by Wells Fargo on Friday, October 23 with “Market Perform”. On Friday, August 7 the stock rating was maintained by Citigroup with “Buy”. The stock of Marcus & Millichap, Inc. (NYSE:MMI) earned “Neutral” rating by Goldman Sachs on Tuesday, November 10.

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