Marcus (NYSE:MCS) Stock Crosses Above 200 Day Moving Average – What’s Next?

The Marcus Co. (NYSE:MCS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.75 and traded as high as $20.05. Marcus shares last traded at $19.92, with a volume of 176,700 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCS. Barrington Research restated an “outperform” rating and issued a $24.00 price target on shares of Marcus in a research note on Wednesday, November 13th. StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Benchmark raised their price target on Marcus from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, November 25th.

Marcus Stock Up 0.4 %

The stock has a 50 day moving average price of $21.67 and a 200 day moving average price of $16.75. The stock has a market capitalization of $627.12 million, a price-to-earnings ratio of -58.59, a price-to-earnings-growth ratio of 4.95 and a beta of 1.54. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.41%. Marcus’s dividend payout ratio (DPR) is presently -82.35%.

Insider Activity at Marcus

In related news, VP Thomas F. Kissinger sold 8,000 shares of Marcus 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 transaction, the vice president now owns 186,585 shares of the company’s stock, valued at $4,162,711.35. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. increased its holdings in Marcus by 32.6% in the second quarter. Victory Capital Management Inc. now owns 93,405 shares of the company’s stock worth $1,062,000 after purchasing an additional 22,955 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Marcus by 10.4% during the second quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock valued at $5,654,000 after purchasing an additional 46,891 shares during the period. Hsbc Holdings PLC grew its stake in shares of Marcus by 20.5% in the 2nd quarter. Hsbc Holdings PLC now owns 112,211 shares of the company’s stock valued at $1,258,000 after buying an additional 19,107 shares during the period. Gabelli Funds LLC increased its position in Marcus by 9.1% in the 2nd quarter. Gabelli Funds LLC now owns 191,500 shares of the company’s stock valued at $2,177,000 after buying an additional 16,000 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Marcus by 21.6% during the 2nd quarter. Marshall Wace LLP now owns 116,081 shares of the company’s stock worth $1,320,000 after buying an additional 20,617 shares during the period. 81.57% of the stock is owned by institutional investors.

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.