Marcus (NYSE:MCS) Upgraded by StockNews.com to Hold

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

Several other brokerages also recently issued reports on MCS. Benchmark reiterated a “buy” rating and issued a $18.00 price target on shares of Marcus in a report on Monday, July 29th. Barrington Research reiterated an “outperform” rating and issued a $20.00 target price on shares of Marcus in a research note on Friday. Finally, B. Riley boosted their price target on Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 8th.

Marcus Trading Up 1.0 %

Shares of NYSE MCS traded up $0.15 during midday trading on Tuesday, hitting $15.02. The stock had a trading volume of 496,209 shares, compared to its average volume of 567,441. The company has a fifty day moving average price of $13.51 and a 200 day moving average price of $12.63. The company has a market capitalization of $482.97 million, a price-to-earnings ratio of 62.58 and a beta of 1.52. Marcus has a 1-year low of $9.56 and a 1-year high of $15.88. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.39.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.20). Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. The business had revenue of $176.03 million for the quarter, compared to analysts’ expectations of $170.74 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, analysts predict that Marcus will post -0.14 earnings per share for the current year.

Institutional Trading of Marcus

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Gate City Capital Management LLC acquired a new stake in Marcus during the 4th quarter valued at approximately $11,669,000. Parallel Advisors LLC grew its position in shares of Marcus by 193.2% during the fourth quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after buying an additional 1,246 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Marcus by 29.7% in the fourth quarter. Hsbc Holdings PLC now owns 89,683 shares of the company’s stock worth $1,308,000 after buying an additional 20,538 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Marcus by 35.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 21,431 shares of the company’s stock valued at $305,000 after acquiring an additional 5,640 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Marcus by 133.8% during the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after acquiring an additional 250,019 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

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.