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

Marcus (NYSE:MCS)‘s stock had its “outperform” rating restated by Barrington Research in a research report issued on Wednesday,Benzinga reports. They currently have a $24.00 target price on the stock. Barrington Research’s target price indicates a potential upside of 9.19% from the company’s current price.

MCS has been the topic of a number of other research reports. StockNews.com raised shares of Marcus from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Benchmark raised their price target on shares of Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

Marcus Stock Performance

MCS traded down $0.14 during midday trading on Wednesday, reaching $21.98. The company’s stock had a trading volume of 252,079 shares, compared to its average volume of 536,191. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $16.52 and a 200 day simple moving average of $13.49. The stock has a market cap of $691.93 million, a P/E ratio of -64.65, a PEG ratio of 5.00 and a beta of 1.48. Marcus has a twelve month low of $9.56 and a twelve month high of $22.62.

Insider Buying and Selling

In other news, VP Thomas F. Kissinger sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the transaction, the vice president now directly owns 186,585 shares of the company’s stock, valued at approximately $4,162,711.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marcus

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in Marcus by 53.0% during the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after acquiring an additional 1,336 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of 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 purchasing an additional 1,947 shares in the last quarter. nVerses Capital LLC bought a new position in Marcus during the 3rd quarter valued at about $32,000. Innealta Capital LLC bought a new position in Marcus during the 2nd quarter valued at about $30,000. Finally, CWM LLC boosted its position in Marcus by 3,319.0% in the second quarter. CWM LLC now owns 2,872 shares of the company’s stock valued at $33,000 after buying an additional 2,788 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

About Marcus

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.