Marcus (NYSE:MCS) Rating Lowered to Hold at ValuEngine

Marcus (NYSE:MCS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday, ValuEngine reports.

Separately, Zacks Investment Research lowered Marcus from a “hold” rating to a “sell” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Marcus currently has a consensus rating of “Hold” and a consensus target price of $44.50.

Shares of Marcus stock traded up $0.10 during trading hours on Friday, hitting $34.31. 119,482 shares of the company’s stock traded hands, compared to its average volume of 191,933. The company has a fifty day simple moving average of $35.75 and a 200-day simple moving average of $35.10. Marcus has a 12-month low of $31.90 and a 12-month high of $45.82. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.40 and a beta of 0.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.36 and a quick ratio of 0.39.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.09). Marcus had a return on equity of 8.86% and a net margin of 5.44%. The firm had revenue of $211.46 million during the quarter, compared to analysts’ expectations of $209.59 million. On average, analysts forecast that Marcus will post 1.72 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Gravity Wealth Inc. boosted its stake in Marcus by 3,288.9% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 915 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Marcus in the 2nd quarter worth about $38,000. NumerixS Investment Technologies Inc bought a new position in Marcus in the 2nd quarter worth about $56,000. Campbell & CO Investment Adviser LLC bought a new position in Marcus in the 3rd quarter worth about $237,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Marcus by 7.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,900 shares of the company’s stock worth $255,000 after purchasing an additional 490 shares during the period. 64.60% of the stock is 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. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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