Marcus (NYSE:MCS) Upgraded by StockNews.com to “Buy” Rating

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

MCS has been the subject of a number of other reports. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price target on shares of Marcus in a report on Wednesday. Benchmark upped their price target on Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Marcus Price Performance

Shares of MCS opened at $21.76 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $16.97 and its 200-day simple moving average is $13.67. The firm has a market capitalization of $685.05 million, a price-to-earnings ratio of -64.00, a PEG ratio of 4.97 and a beta of 1.48. Marcus has a twelve month low of $9.56 and a twelve month high of $22.62.

Insider Activity

In related news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the sale, the vice president now owns 186,585 shares in the company, valued at $4,162,711.35. This represents a 4.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Marcus by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company’s stock valued at $26,428,000 after purchasing an additional 21,646 shares during the period. Millennium Management LLC grew its position in Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after buying an additional 294,593 shares during the last quarter. Geode Capital Management LLC increased its stake in Marcus by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,687 shares of the company’s stock valued at $8,467,000 after buying an additional 7,320 shares during the period. American Century Companies Inc. raised its position in Marcus by 10.4% during the 2nd quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock worth $5,654,000 after buying an additional 46,891 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Marcus by 71.0% in the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after acquiring an additional 183,909 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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.