Gratry & Company Cut Its Icon Plc (ICLR) Position; Marcus & Millichap Has 2.58 Sentiment

April 25, 2018 - By Darrin Black

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

Gratry & Company Llc decreased Icon Plc (ICLR) stake by 14.58% reported in 2017Q4 SEC filing. Gratry & Company Llc sold 4,394 shares as Icon Plc (ICLR)’s stock rose 6.15%. The Gratry & Company Llc holds 25,750 shares with $2.89M value, down from 30,144 last quarter. Icon Plc now has $6.35B valuation. The stock decreased 0.98% or $1.16 during the last trading session, reaching $117.34. About 268,752 shares traded. ICON Public Limited Company (NASDAQ:ICLR) has risen 52.69% since April 25, 2017 and is uptrending. It has outperformed by 41.14% the S&P500.

Marcus & Millichap Inc (MMI) investors sentiment increased to 2.58 in 2017 Q4. It’s up 0.48, from 2.1 in 2017Q3. The ratio is positive, as 80 investment managers increased and opened new positions, while 31 sold and trimmed equity positions in Marcus & Millichap Inc. The investment managers in our database now possess: 14.52 million shares, up from 13.37 million shares in 2017Q3. Also, the number of investment managers holding Marcus & Millichap Inc in top ten positions increased from 0 to 2 for an increase of 2. Sold All: 8 Reduced: 23 Increased: 52 New Position: 28.

Analysts await ICON Public Limited Company (NASDAQ:ICLR) to report earnings on May, 3 before the open. They expect $1.41 earnings per share, up 9.30% or $0.12 from last year’s $1.29 per share. ICLR’s profit will be $76.26 million for 20.80 P/E if the $1.41 EPS becomes a reality. After $1.43 actual earnings per share reported by ICON Public Limited Company for the previous quarter, Wall Street now forecasts -1.40% negative EPS growth.

Among 12 analysts covering Icon plc (NASDAQ:ICLR), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Icon plc had 40 analyst reports since July 29, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained ICON Public Limited Company (NASDAQ:ICLR) rating on Monday, November 13. KeyBanc Capital Markets has “Buy” rating and $125.0 target. The firm has “Buy” rating given on Thursday, July 27 by Jefferies. Avondale initiated the shares of ICLR in report on Wednesday, October 21 with “Market Perform” rating. The company was upgraded on Monday, July 31 by SunTrust. The firm has “Buy” rating given on Wednesday, January 10 by KeyBanc Capital Markets. The company was maintained on Thursday, October 26 by Robert W. Baird. The company was upgraded on Friday, October 14 by Evercore. The stock of ICON Public Limited Company (NASDAQ:ICLR) has “Hold” rating given on Thursday, October 26 by Mizuho. Mizuho maintained the stock with “Hold” rating in Thursday, February 15 report. The firm has “Buy” rating given on Thursday, August 31 by Robert W. Baird.

Analysts await Marcus & Millichap, Inc. (NYSE:MMI) to report earnings on May, 8. They expect $0.38 EPS, up 22.58% or $0.07 from last year’s $0.31 per share. MMI’s profit will be $14.66M for 23.08 P/E if the $0.38 EPS becomes a reality. After $0.51 actual EPS reported by Marcus & Millichap, Inc. for the previous quarter, Wall Street now forecasts -25.49% negative EPS growth.

Three Corner Global Investors Lp holds 4.68% of its portfolio in Marcus & Millichap, Inc. for 502,487 shares. Tributary Capital Management Llc owns 543,224 shares or 1.54% of their US portfolio. Moreover, Granite Investment Partners Llc has 1.33% invested in the company for 645,637 shares. The Ontario – Canada-based Sprott Inc. has invested 1.2% 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 $1.35 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 26.58 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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