NN, Inc. (NNBR) Forms $20.60 Double Bottom; Marcus & Millichap (MMI) Sentiment Is 2.08

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

Marcus & Millichap Inc (MMI) investors sentiment decreased to 2.08 in Q1 2018. It’s down -0.50, from 2.58 in 2017Q4. The ratio dived, as 83 hedge funds opened new or increased stock positions, while 40 sold and reduced their holdings in Marcus & Millichap Inc. The hedge funds in our database now possess: 15.51 million shares, up from 14.52 million shares in 2017Q4. Also, the number of hedge funds holding Marcus & Millichap Inc in top ten stock positions was flat from 2 to 2 for the same number . Sold All: 4 Reduced: 36 Increased: 49 New Position: 34.

NN, Inc. (NNBR) formed double bottom with $19.16 target or 7.00% below today’s $20.60 share price. NN, Inc. (NNBR) has $569.93M valuation. The stock decreased 2.60% or $0.55 during the last trading session, reaching $20.6. About 7,543 shares traded. NN, Inc. (NASDAQ:NNBR) has declined 19.96% since June 19, 2017 and is downtrending. It has underperformed by 32.53% the S&P500. Some Historical NNBR News: ; 04/04/2018 – NN GROUP NV NN.AS – INTENDS TO REAPPOINT DELFIN RUEDA AS MEMBER OF EXECUTIVE BOARD; 07/05/2018 – NN, Inc. Completes Acquisition Of Paragon Medical; 04/04/2018 – NN GROUP INTENDS TO DESIGNATE DELFIN RUEDA CFO; 04/04/2018 – NN GROUP NV NN.AS – TO DESIGNATE DELFIN RUEDA AS VICE-CHAIR OF EXECUTIVE BOARD FOR A TERM OF FOUR YEARS; 19/03/2018 – NN INC FILES FOR NON TIMELY 10-K – SEC FILING; 03/04/2018 – NN,: PACT TO BUY PARAGON MEDICAL; 20/04/2018 – Moody’s Downgrades Nn, Cfr At B3 Stable Rating Outlook; 10/05/2018 – NN GROUP NV NN.AS : BERNSTEIN RAISES TARGET PRICE TO EUR 45 FROM EUR 42.50; 08/03/2018 NN INC – INCOME (LOSS) FROM CONTINUING OPERATIONS IN 2017 WAS FAVORABLY IMPACTED BY $52.3 MLN OF TAX BENEFIT DUE TO U.S. TAX REFORM; 09/05/2018 – Wires/press call first quarter 2018 results NN Group Thursday 17 May 2018 at 07:45 CET

Three Corner Global Investors Lp holds 2.19% of its portfolio in Marcus & Millichap, Inc. for 187,508 shares. Tributary Capital Management Llc owns 582,743 shares or 1.76% of their US portfolio. Moreover, Granite Investment Partners Llc has 1.53% invested in the company for 633,250 shares. The Ontario – Canada-based Sprott Inc. has invested 0.94% in the stock. Clark Estates Inc Ny, a New York-based fund reported 129,000 shares.

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 $1.50 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 26.37 P/E ratio. It also operates as a broker of debt financing for commercial properties.

More important recent Marcus & Millichap, Inc. (NYSE:MMI) news were published by: Businesswire.com which released: “Luxury Suburban Pittsburgh Multifamily Asset Sold by IPA for $61 Million” on June 07, 2018, also Businesswire.com published article titled: “Marcus & Millichap, Inc. Completes Acquisition of Pinnacle Financial Group”, Crainscleveland.com published: “Marcus & Millichap finishes Pinnacle purchase” on June 05, 2018. More interesting news about Marcus & Millichap, Inc. (NYSE:MMI) was released by: Bizjournals.com and their article: “Deals Day: Toyota expands DFW presence with new distribution center” with publication date: June 08, 2018.

Analysts await Marcus & Millichap, Inc. (NYSE:MMI) to report earnings on August, 14. They expect $0.52 EPS, up 30.00% or $0.12 from last year’s $0.4 per share. MMI’s profit will be $20.07M for 18.63 P/E if the $0.52 EPS becomes a reality. After $0.46 actual EPS reported by Marcus & Millichap, Inc. for the previous quarter, Wall Street now forecasts 13.04% EPS growth.

The stock decreased 1.36% or $0.53 during the last trading session, reaching $38.76. About 14,759 shares traded. Marcus & Millichap, Inc. (MMI) has risen 54.80% since June 19, 2017 and is uptrending. It has outperformed by 42.23% the S&P500. Some Historical MMI News: ; 22/04/2018 – DJ Marcus & Millichap Inc, Inst Holders, 1Q 2018 (MMI); 08/05/2018 – Marcus & Millichap 1Q EPS 46c; 08/05/2018 – MARCUS & MILLICHAP TO BUY PINNACLE FINL GROUP; NO TERMS; 08/03/2018 – MARCUS & MILLICHAP INC – RESULTS INCLUDE A ONE-TIME TAX CHARGE; 08/03/2018 – Marcus & Millichap 4Q Adj EPS 52c; 08/03/2018 – Marcus & Millichap 4Q EPS 22c; 19/03/2018 – Jordyn Berger Joins IPA in Chicago as a Director of Seniors Housing; 08/03/2018 – Marcus & Millichap 4Q Rev $202.8M; 14/03/2018 – Marcus & Millichap at Non-Deal Roadshow Hosted By JMP Today; 08/05/2018 – MARCUS & MILLICHAP,: PACT TO BUY PINNACLE FINANCIAL GROUP

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.35, from 1.23 in 2017Q4. It worsened, as 12 investors sold NN, Inc. shares while 30 reduced holdings. 11 funds opened positions while 26 raised stakes. 25.31 million shares or 3.04% more from 24.56 million shares in 2017Q4 were reported. Alliancebernstein L P has 31,300 shares. First Manhattan Commerce invested in 0.02% or 133,100 shares. State Street has invested 0% in NN, Inc. (NASDAQ:NNBR). Legal General Grp Public Limited Company holds 4,967 shares or 0% of its portfolio. Texas-based Bridgeway Cap Mgmt has invested 0.03% in NN, Inc. (NASDAQ:NNBR). 567,249 are held by Elk Creek Partners Ltd Liability. Nuveen Asset Limited Company stated it has 0.22% in NN, Inc. (NASDAQ:NNBR). North Star has 0% invested in NN, Inc. (NASDAQ:NNBR). Minnesota-based Us Bank & Trust De has invested 0% in NN, Inc. (NASDAQ:NNBR). Earnest Prns Limited Liability Co reported 0% in NN, Inc. (NASDAQ:NNBR). 148,900 were accumulated by Skylands Cap Ltd Liability Co. Gsa Capital Prtnrs Llp holds 14,343 shares. Ny State Common Retirement Fund owns 29,200 shares. Rbf Cap Ltd Llc reported 10,000 shares. Great West Life Assurance Can reported 0% stake.

Analysts await NN, Inc. (NASDAQ:NNBR) to report earnings on August, 1. They expect $0.38 EPS, down 25.49% or $0.13 from last year’s $0.51 per share. NNBR’s profit will be $10.51M for 13.55 P/E if the $0.38 EPS becomes a reality. After $0.32 actual EPS reported by NN, Inc. for the previous quarter, Wall Street now forecasts 18.75% EPS growth.

Among 8 analysts covering NN Inc (NASDAQ:NNBR), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. NN Inc had 12 analyst reports since July 24, 2015 according to SRatingsIntel. SunTrust maintained NN, Inc. (NASDAQ:NNBR) rating on Thursday, September 28. SunTrust has “Buy” rating and $35.0 target. The rating was downgraded by Stifel Nicolaus on Monday, October 26 to “Hold”. Lake Street initiated the shares of NNBR in report on Wednesday, December 21 with “Buy” rating. The firm has “Sell” rating by Zacks given on Friday, August 28. The stock of NN, Inc. (NASDAQ:NNBR) earned “Overweight” rating by Stephens on Friday, July 24. The stock of NN, Inc. (NASDAQ:NNBR) earned “Buy” rating by Stifel Nicolaus on Tuesday, August 18. The company was maintained on Friday, September 15 by KeyBanc Capital Markets. The company was maintained on Monday, March 12 by Stifel Nicolaus. The company was maintained on Friday, March 11 by Avondale. William Blair initiated NN, Inc. (NASDAQ:NNBR) on Thursday, September 3 with “Mkt Perform” rating.

NN, Inc. (NASDAQ:NNBR) Institutional Positions Chart