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

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

Several other equities analysts have also issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Marcus in a report on Monday, July 29th. B. Riley upped their price objective on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $20.00 target price on shares of Marcus in a research report on Friday, September 20th.

Marcus Trading Down 0.6 %

NYSE MCS opened at $14.93 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $13.58 and a 200 day simple moving average of $12.64. Marcus has a 12 month low of $9.56 and a 12 month high of $15.88. The firm has a market capitalization of $480.07 million, a P/E ratio of 62.21 and a beta of 1.52.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.20). Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. The firm had revenue of $176.03 million during the quarter, compared to analysts’ expectations of $170.74 million. During the same quarter in the prior year, the company earned $0.35 EPS. On average, analysts predict that Marcus will post -0.14 EPS for the current fiscal year.

Institutional Trading of Marcus

Several hedge funds have recently made changes to their positions in MCS. Water Island Capital LLC purchased a new stake in Marcus in the 2nd quarter worth about $207,000. Millennium Management LLC increased its stake in shares of Marcus by 83.2% in the second quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after purchasing an additional 294,593 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Marcus by 71.0% in the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after purchasing an additional 183,909 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Marcus by 35.6% during the 2nd quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock valued at $2,638,000 after buying an additional 60,921 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Marcus by 21.6% in the 2nd quarter. Marshall Wace LLP now owns 116,081 shares of the company’s stock worth $1,320,000 after buying an additional 20,617 shares during the period. 81.57% of the stock is currently owned by institutional investors.

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.