Marcus & Millichap (NYSE:MMI) Sellers Covered 13.2% of Their Shorts

February 15, 2018 - By reb123z

 Marcus & Millichap (NYSE:MMI) Sellers Covered 13.2% of Their Shorts

Investors sentiment increased to 2.1 in 2017 Q3. Its up 0.82, from 1.28 in 2017Q2. It increased, 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.
Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Marcus & Millichap, Inc. (NYSE:MMI). Ubs Asset Mgmt Americas Inc has 8,000 shares. New York State Teachers Retirement System holds 0% or 1,400 shares. Parallax Volatility Advisers L P, a California-based fund reported 223 shares. Hbk L P invested 0% in Marcus & Millichap, Inc. (NYSE:MMI). Moreover, Blackrock has 0% invested in Marcus & Millichap, Inc. (NYSE:MMI). Zebra Cap Mgmt Limited Liability Company stated it has 0.23% in Marcus & Millichap, Inc. (NYSE:MMI). Vanguard Group accumulated 1.31 million shares. First Savings Bank Of Omaha holds 43,820 shares or 0.07% of its portfolio. Moreover, Balyasny Asset Mngmt Ltd Liability has 0% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 8,014 shares. Tiaa Cref Investment Management owns 0% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 51,026 shares. State Street owns 284,242 shares. Northern Trust holds 0% in Marcus & Millichap, Inc. (NYSE:MMI) or 238,777 shares. Parametric Port Ltd Company has invested 0% in Marcus & Millichap, Inc. (NYSE:MMI). Royal Savings Bank Of Canada invested in 0% or 1,745 shares.

The stock of Marcus & Millichap (NYSE:MMI) registered a decrease of 13.2% in short interest. MMI’s total short interest was 524,300 shares in February as published by FINRA. Its down 13.2% from 604,000 shares, reported previously. With 297,800 shares average volume, it will take short sellers 2 days to cover their MMI’s short positions.

The stock decreased 0.47% or $0.15 during the last trading session, reaching $31.57. About 42,799 shares traded. Marcus & Millichap, Inc. (NYSE:MMI) has declined 0.91% since February 15, 2017 and is downtrending. It has underperformed by 17.61% the S&P500.

Marcus & Millichap, Inc., a brokerage company, provides investment brokerage and financing services to sellers and buyers of various commercial real estate assets in the United States and Canada. The company has market cap of $1.20 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 20.5 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 had 11 analyst reports since August 7, 2015 according to SRatingsIntel. Citigroup initiated the stock with “Neutral” rating in Tuesday, December 20 report. Citigroup maintained Marcus & Millichap, Inc. (NYSE:MMI) rating on Friday, August 7. Citigroup has “Buy” rating and $59 target. The firm has “Market Outperform” rating given on Wednesday, January 24 by JMP Securities. The rating was downgraded by JMP Securities on Monday, October 26 to “Market Perform”. The firm has “Buy” rating given on Tuesday, November 14 by Citigroup. The firm has “Hold” rating given on Wednesday, November 8 by Wells Fargo. Goldman Sachs downgraded the stock to “Sell” rating in Wednesday, August 12 report. On Tuesday, November 10 the stock rating was upgraded by Goldman Sachs to “Neutral”. The rating was initiated by Wells Fargo with “Market Perform” on Friday, October 23.

Another recent and important Marcus & Millichap, Inc. (NYSE:MMI) news was published by Businesswire.com which published an article titled: “Marcus & Millichap Hires Scott M. Holmes to Lead Its National Retail Division” on January 25, 2018.

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