StockNews.com Upgrades Marcus (NYSE:MCS) to Buy

Marcus (NYSE:MCS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities research analysts have also recently commented on the company. Benchmark boosted their target price on Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barrington Research reiterated an “outperform” rating and issued a $24.00 price target on shares of Marcus in a research note on Wednesday.

Marcus Trading Down 2.7 %

Shares of MCS stock traded down $0.61 on Friday, reaching $21.76. 218,251 shares of the stock were exchanged, compared to its average volume of 533,537. The stock has a 50 day moving average price of $16.97 and a 200 day moving average price of $13.67. The stock has a market cap of $685.00 million, a PE ratio of -64.00, a P/E/G ratio of 4.97 and a beta of 1.48. Marcus has a one year low of $9.56 and a one year high of $22.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54.

Insider Activity at Marcus

In related news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total value of $178,480.00. Following the transaction, the vice president now owns 186,585 shares in the company, valued at $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MCS. Innealta Capital LLC acquired a new position in shares of Marcus during the second quarter worth approximately $30,000. nVerses Capital LLC bought a new position in shares of Marcus in the third quarter valued at approximately $32,000. CWM LLC raised its position in Marcus by 3,319.0% in the 2nd quarter. CWM LLC now owns 2,872 shares of the company’s stock valued at $33,000 after buying an additional 2,788 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Marcus by 53.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after acquiring an additional 1,336 shares during the last quarter. Finally, Creative Planning purchased a new position in Marcus during the third quarter worth about $159,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.