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

StockNews.com upgraded shares of Marcus (NYSE:MCS) from a hold rating to a buy rating in a research note released on Friday morning.

MCS has been the topic of a number of other reports. Benchmark increased their price target on Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Marcus in a research report on Wednesday, November 13th.

Marcus Stock Down 2.7 %

Shares of Marcus stock opened at $21.76 on Friday. The business has a 50-day moving average price of $16.97 and a 200 day moving average price of $13.68. Marcus has a fifty-two week low of $9.56 and a fifty-two week high of $22.62. The firm has a market cap of $685.00 million, a P/E ratio of -64.00, a P/E/G ratio of 4.92 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.

Marcus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. Marcus’s payout ratio is -82.35%.

Insiders Place Their Bets

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total value of $178,480.00. Following the sale, the vice president now directly owns 186,585 shares in the company, valued at $4,162,711.35. This trade represents a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in Marcus in the third quarter valued at approximately $432,000. CANADA LIFE ASSURANCE Co increased 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 purchasing an additional 5,640 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Marcus by 133.8% in the first quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after buying an additional 250,019 shares during the period. CWM LLC lifted its stake in Marcus by 98.8% in the third quarter. CWM LLC now owns 5,709 shares of the company’s stock valued at $86,000 after buying an additional 2,837 shares during the period. Finally, Comerica Bank boosted its holdings in Marcus by 138.3% during the first quarter. Comerica Bank now owns 27,523 shares of the company’s stock worth $392,000 after buying an additional 15,972 shares during the last quarter. 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.