Could Marcus & Millichap (NYSE:MMI) Go Down After Its Newest Short Interest Report?

February 15, 2018 - By Marie Mckinney

 Could Marcus & Millichap (NYSE:MMI) Go Down After Its Newest Short Interest Report?

Investors sentiment increased to 2.1 in Q3 2017. 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.
Hbk Investments L P holds 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI) for 12,226 shares. Envestnet Asset Mgmt Inc owns 0% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 15,934 shares. Bnp Paribas Arbitrage Sa has 1,708 shares for 0% of their portfolio. Schwab Charles Investment Mngmt Inc reported 0% stake. Essex Co Limited Liability owns 26,954 shares. Goldman Sachs Gp Inc invested in 53,495 shares or 0% of the stock. Ellington Ltd Liability Corporation reported 14,800 shares. Employees Retirement System Of Ohio stated it has 5,958 shares or 0% of all its holdings. Prudential Incorporated has 31,190 shares for 0% of their portfolio. Gsa Prtnrs Limited Liability Partnership invested 0.04% in Marcus & Millichap, Inc. (NYSE:MMI). State Street reported 284,242 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 507 shares. Suntrust Banks holds 0% in Marcus & Millichap, Inc. (NYSE:MMI) or 8,497 shares. Wells Fargo And Mn accumulated 91,429 shares. Horizon Kinetics Lc stated it has 15,835 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. On Friday, October 23 the stock rating was initiated by Wells Fargo with “Market Perform”. The company was upgraded on Tuesday, November 14 by Citigroup. The firm earned “Neutral” rating on Tuesday, November 10 by Goldman Sachs. The rating was maintained by Citigroup on Friday, August 7 with “Buy”. The firm has “Neutral” rating by Citigroup given on Tuesday, December 20. The firm has “Market Outperform” rating by JMP Securities given on Wednesday, January 24. Wells Fargo maintained the shares of MMI in report on Wednesday, November 8 with “Hold” rating. The firm earned “Market Perform” rating on Monday, October 26 by JMP Securities. Goldman Sachs downgraded the stock to “Sell” rating in Wednesday, August 12 report.

Another recent and important Marcus & Millichap, Inc. (NYSE:MMI) news was published by 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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