Reinhart Partners Upped Its Stake in Marcus & Millichap Com (MMI) by $386,920; Taubman Ctrs (TCO) Share Value Declined While Long Pond Capital LP Cut Its Holding by $52.98 Million

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Long Pond Capital Lp decreased its stake in Taubman Ctrs Inc (TCO) by 67.56% based on its latest 2018Q3 regulatory filing with the SEC. Long Pond Capital Lp sold 897,981 shares as the company’s stock declined 15.43% with the market. The hedge fund held 431,094 shares of the consumer services company at the end of 2018Q3, valued at $25.79 million, down from 1.33 million at the end of the previous reported quarter. Long Pond Capital Lp who had been investing in Taubman Ctrs Inc for a number of months, seems to be less bullish one the $4.26B market cap company. The stock decreased 1.18% or $0.59 during the last trading session, reaching $49.49. About 258,984 shares traded. Taubman Centers, Inc. (NYSE:TCO) has declined 10.56% since January 14, 2018 and is downtrending. It has underperformed by 10.56% the S&P500. Some Historical TCO News: 26/04/2018 – LAND & BUILDINGS – URGE TAUBMAN CENTERS SHAREHOLDERS VOTE IN FAVOR OF PROPOSAL TO ELIMINATE DUAL-CLASS VOTING SHARE STRUCTURE; 27/04/2018 – Green Shoots for Retail at Taubman; 26/04/2018 – TAUBMAN CENTERS INC TCO.N SEES FY 2018 ADJUSTED FFO SHR $3.72 TO $3.86 EXCLUDING ITEMS; 26/04/2018 – TAUBMAN CENTERS INC QTRLY FFO SHR $0.88; 23/04/2018 – DJ Taubman Centers Inc, Inst Holders, 1Q 2018 (TCO); 21/03/2018 – LAND & BUILDINGS – RECOMMENDS THAT SPECIAL COMMITTEE BE FORMED TO DEVELOP PLAN FOR ELIMINATION OF DUAL-CLASS VOTING STRUCTURE IN TAUBMAN CENTERS; 21/03/2018 – New York Post: Activist investor takes aim at Taubman Centers again; 26/04/2018 – Land & Buildings: Sees Underperformance as Driven by Apparent Conflicts of Interest Between Taubman Family and Hldrs; 26/04/2018 – LAND & BUILDINGS SAYS URGENT ACTION NEEDED AT TAUBMAN; 31/05/2018 – Taubman Centers Delays Shareholder Vote Count at the Annual Meeting

Reinhart Partners Inc increased its stake in Marcus & Millichap Inc Com (MMI) by 11.42% based on its latest 2018Q3 regulatory filing with the SEC. Reinhart Partners Inc bought 11,380 shares as the company’s stock declined 2.32% with the market. The institutional investor held 110,990 shares of the finance company at the end of 2018Q3, valued at $3.85M, up from 99,610 at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Marcus & Millichap Inc Com for a number of months, seems to be bullish on the $1.40B market cap company. The stock decreased 1.04% or $0.38 during the last trading session, reaching $36.21. About 101,990 shares traded. Marcus & Millichap, Inc. (NYSE:MMI) has risen 10.59% since January 14, 2018 and is uptrending. It has outperformed by 10.59% the S&P500. Some Historical MMI News: 08/03/2018 – Marcus & Millichap 4Q EPS 22c; 25/04/2018 – Marcus & Millichap Closes Below 50-Day Average: Technicals; 04/04/2018 – Marcus & Millichap Capital Corp.’s Proprietary Lending Partnerships Deliver Over $850 Million; 19/03/2018 – Jordyn Berger Joins IPA in Chicago as a Director of Seniors Housing; 07/03/2018 Marcus & Millichap Non-Deal Roadshow Set By JMP for Mar. 14; 08/05/2018 – MARCUS & MILLICHAP TO BUY PINNACLE FINL GROUP; NO TERMS; 25/04/2018 – Investor Expectations to Drive Momentum within MicroStrategy, Marcus & Millichap, Gentex, Ultragenyx Pharmaceutical, Dave & Bus; 04/04/2018 – Marcus & Millichap Capital Corp.’s Proprietary Lending Partnerships Deliver Over $850 Million; 08/05/2018 – Marcus & Millichap 1Q Rev $174.5M; 08/05/2018 – Marcus & Millichap 1Q EPS 46c

Among 4 analysts covering Marcus & Millichap (NYSE:MMI), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Marcus & Millichap had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by JMP Securities on Wednesday, August 22 to “Market Perform”. As per Tuesday, December 20, the company rating was initiated by Citigroup. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, November 10. The firm has “Buy” rating given on Tuesday, November 14 by Citigroup. The stock has “Market Outperform” rating by JMP Securities on Wednesday, January 24. On Wednesday, November 8 the stock rating was maintained by Wells Fargo with “Hold”. The stock of Marcus & Millichap, Inc. (NYSE:MMI) has “Buy” rating given on Friday, August 7 by Citigroup. The stock has “Hold” rating by Wells Fargo on Wednesday, March 21. Wells Fargo initiated Marcus & Millichap, Inc. (NYSE:MMI) on Friday, October 23 with “Market Perform” rating. The firm has “Sell” rating by Goldman Sachs given on Wednesday, August 12.

Reinhart Partners Inc, which manages about $4.85 billion and $1.11B US Long portfolio, decreased its stake in Apple Computer Inc (NASDAQ:AAPL) by 3,073 shares to 1,075 shares, valued at $243,000 in 2018Q3, according to the filing. It also reduced its holding in Apache Corp (NYSE:APA) by 146,607 shares in the quarter, leaving it with 557,938 shares, and cut its stake in Store Cap Corp Com (NYSE:STOR).

Investors sentiment decreased to 1.3 in 2018 Q3. Its down 1.44, from 2.74 in 2018Q2. It dived, as 15 investors sold MMI shares while 46 reduced holdings. 19 funds opened positions while 60 raised stakes. 17.48 million shares or 0.82% more from 17.34 million shares in 2018Q2 were reported. Federated Investors Incorporated Pa has invested 0% in Marcus & Millichap, Inc. (NYSE:MMI). D E Shaw And Com Incorporated holds 58,342 shares or 0% of its portfolio. 97,300 were reported by Mackay Shields Ltd Com. State Street holds 364,836 shares. Century invested in 87,796 shares or 0% of the stock. Pub Employees Retirement Sys Of Ohio reported 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI). Northcoast Asset Mngmt Ltd Com stated it has 0.04% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI). Barclays Plc has 43,725 shares for 0% of their portfolio. Macquarie Grp Inc Ltd has 500 shares. 47,602 were reported by Gsa Cap Prtn Llp. Etrade Mgmt Limited Liability Corporation has 11,503 shares. Tower Research Lc (Trc) owns 3,125 shares or 0.01% of their US portfolio. California State Teachers Retirement holds 29,753 shares or 0% of its portfolio. Jacobs Levy Equity Mgmt reported 0.03% stake. Royal Fincl Bank Of Canada owns 1,320 shares for 0% of their portfolio.

More notable recent Marcus & Millichap, Inc. (NYSE:MMI) news were published by: Seekingalpha.com which released: “Marcus & Millichap, Inc. 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 08, 2018, also Globenewswire.com with their article: “Analysis: Positioning to Benefit within Entergy, Canada Goose, Republic Services, Marcus & Millichap, HollyFrontier, and KBR — Research Highlights Growth, Revenue, and Consolidated Results – GlobeNewswire” published on October 03, 2018, Seekingalpha.com published: “Marcus & Millichap, Inc. (MMI) CEO Hessam Nadji on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” on August 12, 2018. More interesting news about Marcus & Millichap, Inc. (NYSE:MMI) were released by: Businesswire.com and their article: “Marcus & Millichap’s IPA Division Continues Expansion – Business Wire” published on December 11, 2018 as well as Businesswire.com‘s news article titled: “Marcus & Millichap Further Expands Presence in Canada – Business Wire” with publication date: October 08, 2018.

Long Pond Capital Lp, which manages about $1.63B and $3.84 billion US Long portfolio, upped its stake in Caesars Entmt Corp (NASDAQ:CZR) by 697,465 shares to 24.15 million shares, valued at $247.51M in 2018Q3, according to the filing. It also increased its holding in Belmond Ltd (NYSE:BEL) by 1.39 million shares in the quarter, for a total of 1.79M shares, and has risen its stake in Five Point Holdings Llc.

Investors sentiment decreased to 0.88 in 2018 Q3. Its down 0.31, from 1.19 in 2018Q2. It turned negative, as 20 investors sold TCO shares while 84 reduced holdings. 30 funds opened positions while 62 raised stakes. 57.55 million shares or 2.71% more from 56.03 million shares in 2018Q2 were reported. Eaton Vance Management reported 9,451 shares stake. Invesco Ltd accumulated 247,731 shares. 18,100 are owned by Point72 Asset Mngmt Limited Partnership. Bank & Trust Of Montreal Can owns 16,501 shares for 0% of their portfolio. Mutual Of America Mgmt Limited Liability holds 52,294 shares. Hbk Invests Limited Partnership, a Texas-based fund reported 255,462 shares. Blackrock holds 0.02% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 7.08 million shares. 22,200 were accumulated by Green Street Invsts Ltd Liability Corp. Principal Group Inc Inc reported 354,818 shares stake. Hsbc Holding Public Limited stated it has 0% in Taubman Centers, Inc. (NYSE:TCO). The California-based Gemmer Asset Management Limited Liability Company has invested 0% in Taubman Centers, Inc. (NYSE:TCO). Forward Mngmt Limited Liability Corporation holds 1.47% or 145,535 shares in its portfolio. New York State Teachers Retirement Sys reported 0.01% stake. Klingenstein Fields And Communication Lc owns 0.01% invested in Taubman Centers, Inc. (NYSE:TCO) for 3,618 shares. Texas Permanent School Fund has invested 0.03% of its portfolio in Taubman Centers, Inc. (NYSE:TCO).

Analysts await Taubman Centers, Inc. (NYSE:TCO) to report earnings on February, 14. They expect $0.93 EPS, down 9.71% or $0.10 from last year’s $1.03 per share. TCO’s profit will be $79.98 million for 13.30 P/E if the $0.93 EPS becomes a reality. After $1.01 actual EPS reported by Taubman Centers, Inc. for the previous quarter, Wall Street now forecasts -7.92% negative EPS growth.

More notable recent Taubman Centers, Inc. (NYSE:TCO) news were published by: Seekingalpha.com which released: “I Doubled Down On This Crown Jewel REIT – Seeking Alpha” on August 28, 2018, also Seekingalpha.com with their article: “Goldman pulls bearish outlook for retail REITs – Seeking Alpha” published on July 17, 2018, Benzinga.com published: “Morgan Stanley: Taubman (NYSE:TCO) Could Be More Attractive M&A Candidate Than Macerich (NYSE:MAC) – Benzinga” on November 27, 2018. More interesting news about Taubman Centers, Inc. (NYSE:TCO) were released by: Seekingalpha.com and their article: “Taubman Centers Has No Margin Of Safety – Seeking Alpha” published on September 17, 2018 as well as Seekingalpha.com‘s news article titled: “4% Yield With The Best Assets, Forward Looking Growth – Seeking Alpha” with publication date: January 19, 2018.

Since November 1, 2018, it had 4 insider buys, and 0 selling transactions for $177,049 activity. TAUBMAN ROBERT S bought $12,833 worth of Taubman Centers, Inc. (NYSE:TCO) on Wednesday, November 21.

Among 21 analysts covering Taubman Centers Inc. (NYSE:TCO), 7 have Buy rating, 1 Sell and 13 Hold. Therefore 33% are positive. Taubman Centers Inc. had 46 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan upgraded the stock to “Overweight” rating in Friday, June 15 report. As per Wednesday, October 14, the company rating was upgraded by Cowen & Co. On Monday, August 24 the stock rating was upgraded by Oppenheimer to “Outperform”. JP Morgan downgraded Taubman Centers, Inc. (NYSE:TCO) on Tuesday, September 26 to “Neutral” rating. The rating was downgraded by Evercore on Monday, September 10 to “Underperform”. The stock has “Hold” rating by Jefferies on Wednesday, August 23. The firm has “Neutral” rating given on Thursday, August 25 by BTIG Research. The firm earned “Hold” rating on Friday, December 22 by Jefferies. On Monday, July 31 the stock rating was maintained by Boenning & Scattergood with “Hold”. The stock of Taubman Centers, Inc. (NYSE:TCO) has “Equal-Weight” rating given on Tuesday, November 27 by Morgan Stanley.

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

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