Marcus (NYSE:MCS – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.
Other research analysts have also recently issued reports about the stock. Wedbush raised their price objective on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings lowered Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Barrington Research reiterated an “outperform” rating and set a $25.00 target price on shares of Marcus in a report on Monday, May 4th. Finally, B. Riley Financial raised their price target on Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Marcus has an average rating of “Buy” and an average target price of $24.25.
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Marcus Price Performance
Marcus (NYSE:MCS – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.03. Marcus had a net margin of 1.85% and a return on equity of 0.79%. The company had revenue of $154.40 million during the quarter, compared to analysts’ expectations of $148.78 million. As a group, research analysts forecast that Marcus will post 0.49 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Michael Reade Evans sold 7,671 shares of Marcus stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $19.04, for a total transaction of $146,055.84. Following the completion of the sale, the insider directly owned 45,801 shares in the company, valued at $872,051.04. The trade was a 14.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 16.53% of the stock is owned by corporate insiders.
Institutional Trading of Marcus
A number of hedge funds have recently bought and sold shares of MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after acquiring an additional 624 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Marcus by 11.1% during the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock worth $6,553,000 after purchasing an additional 39,118 shares during the period. Empowered Funds LLC boosted its holdings in shares of Marcus by 2.1% during the first quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock worth $2,883,000 after purchasing an additional 3,562 shares during the last quarter. Creative Planning boosted its holdings in shares of Marcus by 50.6% during the second quarter. Creative Planning now owns 15,270 shares of the company’s stock worth $257,000 after purchasing an additional 5,129 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Marcus by 3.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 291,082 shares of the company’s stock valued at $4,908,000 after purchasing an additional 8,898 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.
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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.
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