Marcus’ (MCS) Outperform Rating Reiterated at Barrington Research

Marcus (NYSE:MCS)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a note issued to investors on Wednesday,Benzinga reports. They currently have a $24.00 price target on the stock. Barrington Research’s price objective would suggest a potential upside of 9.19% from the stock’s previous close.

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

Marcus Trading Down 0.6 %

NYSE MCS traded down $0.14 on Wednesday, hitting $21.98. 252,079 shares of the company were exchanged, compared to its average volume of 536,191. Marcus has a twelve month low of $9.56 and a twelve month high of $22.62. The company’s 50 day moving average price is $16.52 and its 200-day moving average price is $13.49. The firm has a market capitalization of $691.93 million, a P/E ratio of -64.65, a price-to-earnings-growth ratio of 5.00 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54.

Insider Buying and Selling

In related news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total value of $178,480.00. Following the transaction, the vice president now owns 186,585 shares in the company, valued at approximately $4,162,711.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marcus

Several hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of Marcus by 2,057.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock worth $790,000 after acquiring an additional 49,977 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Marcus by 142.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company’s stock worth $1,252,000 after purchasing an additional 48,759 shares during the period. Empowered Funds LLC boosted its position in Marcus by 5.3% during the third quarter. Empowered Funds LLC now owns 160,976 shares of the company’s stock worth $2,426,000 after purchasing an additional 8,174 shares during the period. Assenagon Asset Management S.A. acquired a new position in Marcus during the third quarter valued at approximately $432,000. Finally, nVerses Capital LLC bought a new position in shares of Marcus in the third quarter valued at approximately $32,000. 81.57% of the stock is owned by institutional investors and hedge funds.

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.