Route One Investment Company buys $31,801,467 stake in Marcus & Millichap Inc (MMI)

Marcus & Millichap Inc (MMI) : Route One Investment Company scooped up 139,780 additional shares in Marcus & Millichap Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,134,956 shares of Marcus & Millichap Inc which is valued at $31,801,467.Marcus & Millichap Inc makes up approximately 1.70% of Route One Investment Company’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp sold out all of its stake in MMI during the most recent quarter. The investment firm sold 10,736 shares of MMI which is valued $300,823.Credit Suisse Ag boosted its stake in MMI in the latest quarter, The investment management firm added 10,187 additional shares and now holds a total of 18,895 shares of Marcus & Millichap Inc which is valued at $529,438.Analytic Investors reduced its stake in MMI by selling 38,163 shares or 75.9% in the most recent quarter. The Hedge Fund company now holds 12,117 shares of MMI which is valued at $339,518.Trexquant Investment Lp reduced its stake in MMI by selling 10,389 shares or 38.42% in the most recent quarter. The Hedge Fund company now holds 16,650 shares of MMI which is valued at $466,533. Marcus & Millichap Inc makes up approx 0.06% of Trexquant Investment Lp’s portfolio. Simplex Trading sold out all of its stake in MMI during the most recent quarter. The investment firm sold 1,257 shares of MMI which is valued $34,052.

Marcus & Millichap Inc (MMI) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $26.21 and reached the intraday high at $26.47. The bulls started the profit booking and pushed the shares to intraday low of $26.135. The trading session was marked by a volume range of 94,834 shares exchanging hands. The 52-week high of the shares is $49.97 and the 52-week low is $18.77. The market cap of the company stands at $985 M and there are 3,76,07,636 shares in public circulation.

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.

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