StockNews.com Upgrades Marcus (NYSE:MCS) to Buy

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

Several other equities analysts have also issued reports on MCS. B. Riley boosted their price target on shares of Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th. Benchmark boosted their price target on shares of Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday. Finally, Barrington Research reissued an “outperform” rating and issued a $20.00 price target on shares of Marcus in a report on Thursday, October 31st.

Marcus Trading Up 1.7 %

Shares of MCS stock traded up $0.36 on Tuesday, hitting $21.46. The stock had a trading volume of 413,627 shares, compared to its average volume of 541,613. Marcus has a twelve month low of $9.56 and a twelve month high of $21.69. The firm has a market cap of $689.94 million, a P/E ratio of -63.12 and a beta of 1.48. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average price of $15.57 and a two-hundred day moving average price of $13.13.

Institutional Investors Weigh In On Marcus

Several institutional investors have recently added to or reduced their stakes in MCS. Millennium Management LLC lifted its position in Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after acquiring an additional 294,593 shares in the last quarter. Acadian Asset Management LLC lifted its position in Marcus by 133.8% during the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock worth $6,227,000 after buying an additional 250,019 shares in the last quarter. AQR Capital Management LLC lifted its position in Marcus by 71.0% during the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after buying an additional 183,909 shares in the last quarter. Squarepoint Ops LLC lifted its position in Marcus by 35.6% during the 2nd quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after buying an additional 60,921 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Marcus during the 2nd quarter worth about $539,000. 81.57% of the stock is owned by 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.