What Will Happen to Marcus & Millichap, Inc. (MMI) Next? The Stock Just Reaches 52-Week High

June 11, 2018 - By Michael Collier

Marcus & Millichap, Inc. (NYSE:MMI) Logo

Investors sentiment decreased to 2.08 in 2018 Q1. Its down 0.50, from 2.58 in 2017Q4. It dived, as 4 investors sold Marcus & Millichap, Inc. shares while 36 reduced holdings. 34 funds opened positions while 49 raised stakes. 15.51 million shares or 6.83% more from 14.52 million shares in 2017Q4 were reported.
Bluecrest Cap Management holds 0.02% or 17,241 shares. Ent Services accumulated 166 shares. 12,600 were reported by Hbk Investments Limited Partnership. Fifth Third National Bank stated it has 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI). Pnc stated it has 2,584 shares. Tudor Et Al reported 8,835 shares or 0.01% of all its holdings. Jpmorgan Chase And Communication has 55,805 shares for 0% of their portfolio. Qs Ltd Co holds 0.03% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI) for 71,509 shares. Schroder Investment Mgmt Grp reported 0% in Marcus & Millichap, Inc. (NYSE:MMI). First Commercial Bank Of Omaha holds 0.11% or 50,920 shares in its portfolio. Fny Managed Accounts Lc reported 0.01% in Marcus & Millichap, Inc. (NYSE:MMI). Fuller And Thaler Asset has invested 0.02% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI). C M Bidwell And Assoc Ltd reported 4,615 shares. New York State Teachers Retirement Systems holds 1,400 shares or 0% of its portfolio. Bowling Management Limited Liability Corp holds 0.23% or 46,670 shares.

The stock of Marcus & Millichap, Inc. (NYSE:MMI) hit a new 52-week high and has $41.41 target or 7.00 % above today’s $38.71 share price. The 8 months bullish chart indicates low risk for the $1.49 billion company. The 1-year high was reported on Jun, 11 by Barchart.com. If the $41.41 price target is reached, the company will be worth $104.51M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.00% or $0.385 during the last trading session, reaching $38.705. About 34,555 shares traded. Marcus & Millichap, Inc. (NYSE:MMI) has risen 54.80% since June 11, 2017 and is uptrending. It has outperformed by 42.23% the S&P500.

Analysts await Marcus & Millichap, Inc. (NYSE:MMI) to report earnings on August, 14. They expect $0.52 earnings per share, up 30.00 % or $0.12 from last year’s $0.4 per share. MMI’s profit will be $20.06 million for 18.61 P/E if the $0.52 EPS becomes a reality. After $0.46 actual earnings per share reported by Marcus & Millichap, Inc. for the previous quarter, Wall Street now forecasts 13.04 % EPS growth.

Marcus & Millichap, Inc. (NYSE:MMI) Ratings Coverage

Among 2 analysts covering Marcus \u0026 Millichap (NYSE:MMI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Marcus \u0026 Millichap had 2 analyst reports since January 24, 2018 according to SRatingsIntel. The stock has “Hold” rating by Wells Fargo on Wednesday, March 21. On Wednesday, January 24 the stock rating was upgraded by JMP Securities to “Market Outperform”.

More notable recent Marcus & Millichap, Inc. (NYSE:MMI) news were published by: Pehub.com which released: “Buligo Capital and Graycliff Capital acquire Pennsylvania luxury apartment asset for over $61 mln” on June 08, 2018, also Bizjournals.com with their article: “Deals Day: Toyota expands DFW presence with new distribution center” published on June 08, 2018, Bizjournals.com published: “Six properties in Mount Airy sell for more than $16M” on May 21, 2018. More interesting news about Marcus & Millichap, Inc. (NYSE:MMI) were released by: Businesswire.com and their article: “Luxury Suburban Pittsburgh Multifamily Asset Sold by IPA for $61 Million” published on June 07, 2018 as well as Businesswire.com‘s news article titled: “Marcus & Millichap, Inc. Completes Acquisition of Pinnacle Financial Group” with publication date: June 04, 2018.

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 $1.49 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 29.32 P/E ratio. It also operates as a broker of debt financing for commercial properties.

Marcus & Millichap, Inc. (NYSE:MMI) Institutional Positions Chart

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