Marcus (NYSE:MCS) Sets New 52-Week High on Analyst Upgrade

Shares of The Marcus Co. (NYSE:MCS) hit a new 52-week high during trading on Monday after StockNews.com upgraded the stock from a hold rating to a buy rating. The company traded as high as $20.93 and last traded at $20.86, with a volume of 51819 shares traded. The stock had previously closed at $20.62.

MCS has been the topic of several other research reports. Barrington Research reissued an “outperform” rating and issued a $20.00 price objective on shares of Marcus in a research note on Thursday, October 31st. Benchmark increased their price target on Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, B. Riley raised their price target on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 8th.

Hedge Funds Weigh In On Marcus

Large 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 1st quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company’s stock valued at $26,428,000 after acquiring an additional 21,646 shares during the period. Millennium Management LLC grew its stake in Marcus by 83.2% in the second quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after purchasing an additional 294,593 shares during the last quarter. American Century Companies Inc. raised its holdings in Marcus by 10.4% in the second quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock worth $5,654,000 after purchasing an additional 46,891 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Marcus by 71.0% during the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after buying an additional 183,909 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Marcus by 133.8% in the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after buying an additional 250,019 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Stock Up 1.7 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.54. The firm has a market capitalization of $689.94 million, a P/E ratio of -63.12 and a beta of 1.48. The business’s fifty day moving average price is $15.57 and its two-hundred day moving average price is $13.13.

Marcus Company Profile

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.