Marcus (NYSE:MCS) Stock Rating Upgraded by StockNews.com

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

A number of other research firms have also weighed in on MCS. Barrington Research reissued an “outperform” rating and issued a $24.00 target price on shares of Marcus in a research note on Wednesday. Benchmark increased 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

Marcus stock opened at $21.76 on Friday. The company has a fifty day simple moving average of $16.97 and a 200-day simple moving average of $13.67. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. 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 52-week low of $9.56 and a 52-week high of $22.62.

Insider Transactions at Marcus

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction dated 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 SEC, which is available through the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Marcus

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Marcus by 221.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the company’s stock valued at $216,000 after purchasing an additional 10,454 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Marcus by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 32,951 shares of the company’s stock worth $470,000 after acquiring an additional 2,955 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Marcus by 25.4% during the first quarter. SG Americas Securities LLC now owns 17,417 shares of the company’s stock worth $248,000 after acquiring an additional 3,527 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Marcus by 5.8% in the first quarter. Avantax Advisory Services Inc. now owns 35,462 shares of the company’s stock valued at $506,000 after acquiring an additional 1,947 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in Marcus in the first quarter valued at $173,000. 81.57% of the stock is owned by institutional investors and hedge funds.

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.