Marcus & Millichap, Inc. (NYSE:MMI) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 2.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 152,454 shares of the real estate investment trust’s stock after buying an additional 3,051 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Marcus & Millichap were worth $5,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMI. Royce & Associates LP increased its holdings in Marcus & Millichap by 0.3% in the 3rd quarter. Royce & Associates LP now owns 2,303,153 shares of the real estate investment trust’s stock valued at $91,274,000 after purchasing an additional 6,000 shares during the last quarter. Reinhart Partners LLC. grew its stake in shares of Marcus & Millichap by 7.6% in the third quarter. Reinhart Partners LLC. now owns 1,835,699 shares of the real estate investment trust’s stock valued at $72,749,000 after buying an additional 129,333 shares in the last quarter. State Street Corp grew its stake in shares of Marcus & Millichap by 0.3% in the third quarter. State Street Corp now owns 910,655 shares of the real estate investment trust’s stock valued at $36,319,000 after buying an additional 2,877 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Marcus & Millichap by 2.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 869,669 shares of the real estate investment trust’s stock valued at $34,465,000 after buying an additional 24,352 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Marcus & Millichap by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 595,145 shares of the real estate investment trust’s stock worth $23,591,000 after acquiring an additional 5,525 shares in the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Marcus & Millichap Price Performance

NYSE MMI opened at $34.00 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of -41.98 and a beta of 1.16. The stock has a 50-day moving average of $39.69 and a two-hundred day moving average of $38.11. Marcus & Millichap, Inc. has a 1-year low of $29.93 and a 1-year high of $42.80.

About Marcus & Millichap

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.