Marcus & Millichap Inc (MMI) : New Amsterdam Partnersny added new position in Marcus & Millichap Inc during the most recent quarter end. The investment management firm now holds 181,697 shares of Marcus & Millichap Inc which is valued at $4,894,917 , the company said in a statement filed on Aug 1, 2016 with the SEC.Marcus & Millichap Inc makes up approximately 1.14% of New Amsterdam Partnersny’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in MMI in the latest quarter, The investment management firm added 1,721 additional shares and now holds a total of 30,458 shares of Marcus & Millichap Inc which is valued at $820,539.Alps Advisors Inc reduced its stake in MMI by selling 1,232 shares or 6.86% in the most recent quarter. The Hedge Fund company now holds 16,736 shares of MMI which is valued at $449,696.Meeder Asset Management Inc reduced its stake in MMI by selling 4,662 shares or 64.9% in the most recent quarter. The Hedge Fund company now holds 2,521 shares of MMI which is valued at $69,706. Marcus & Millichap Inc makes up approx 0.01% of Meeder Asset Management Inc’s portfolio. Cutler Group Lp added MMI to its portfolio by purchasing 695 company shares during the most recent quarter which is valued at $19,265. Bnp Paribas Arbitrage Sa added MMI to its portfolio by purchasing 782 company shares during the most recent quarter which is valued at $20,316.
Marcus & Millichap Inc closed down -0.09 points or -0.33% at $26.85 with 63,011 shares getting traded on Thursday. Post opening the session at $26.88, the shares hit an intraday low of $26.595 and an intraday high of $27.12 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Marcus & Millichap Inc reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.39. The company had revenue of $183.38 million for the quarter, compared to analysts expectations of $173.47 million. The company’s revenue was up 5.7% compared to the same quarter last year.
Marcus & Millichap Inc. is a brokerage firm specializing in commercial real estate investment sales financing research and advisory services. The Company also offers market research consulting and advisory services to developers lenders owners and investors. It also offers two services to its clients: commercial real estate investment brokerage and financing. The Company divides the commercial real estate market into three segments by investment: Private client segment which include properties with prices under $10 million; Hybrid segment which include properties with prices equal to or over $10 million and less than $20 million and Institutional segment which include properties with prices of $20 million and above. As of December 31 2014 the Company had nearly 1500 investment sales and financing professionals in 78 offices in the United States and Canada that provide investment brokerage and financing services to sellers and buyers of commercial real estate.