Barrington Research Reiterates Outperform Rating for Marcus (NYSE:MCS)

Marcus (NYSE:MCS)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research report issued on Wednesday,Benzinga reports. They currently have a $24.00 price target on the stock. Barrington Research’s price objective suggests a potential upside of 7.29% from the company’s current price.

A number of other equities research analysts have also recently issued reports on MCS. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Benchmark increased their target price on Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Marcus Trading Up 1.8 %

Shares of MCS stock opened at $22.37 on Wednesday. Marcus has a 12 month low of $9.56 and a 12 month high of $22.62. The company has a market cap of $704.21 million, a PE ratio of -65.79, a price-to-earnings-growth ratio of 5.00 and a beta of 1.48. 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 business’s 50 day moving average is $16.82 and its two-hundred day moving average is $13.61.

Insider Buying and Selling at Marcus

In other news, VP Thomas F. Kissinger sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total value of $178,480.00. Following the completion of the sale, the vice president now directly owns 186,585 shares in the company, valued at approximately $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 this link. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Marcus

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Marcus by 53.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after buying an additional 1,336 shares during the period. Avantax Advisory Services Inc. grew its holdings in Marcus by 5.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 35,462 shares of the company’s stock worth $506,000 after acquiring an additional 1,947 shares during the period. nVerses Capital LLC bought a new stake in shares of Marcus during the 3rd quarter valued at $32,000. Innealta Capital LLC bought a new position in shares of Marcus in the 2nd quarter worth $30,000. Finally, CWM LLC grew its stake in shares of Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after purchasing an additional 2,788 shares during the period. 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.