Marcus (NYSE:MCS) Upgraded to “Buy” at StockNews.com

Marcus (NYSE:MCS – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, March 8th. TheStreet cut shares of Marcus from a “c-” rating to a “d+” rating in a report on Monday, February 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $24.50.

Shares of MCS stock opened at $16.94 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 0.47. Marcus has a one year low of $14.42 and a one year high of $22.87. The company’s 50-day simple moving average is $17.54 and its 200-day simple moving average is $17.92. The stock has a market capitalization of $532.41 million, a price-to-earnings ratio of -11.68 and a beta of 1.70.

Marcus (NYSE:MCS – Get Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.23. Marcus had a negative net margin of 9.45% and a negative return on equity of 10.79%. The business had revenue of $169.05 million for the quarter, compared to analysts’ expectations of $156.25 million. During the same quarter last year, the company posted ($1.22) earnings per share. As a group, research analysts forecast that Marcus will post 0.04 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of Marcus during the third quarter valued at approximately $1,165,000. Two Sigma Advisers LP raised its holdings in shares of Marcus by 242.8% during the third quarter. Two Sigma Advisers LP now owns 58,638 shares of the company’s stock valued at $1,023,000 after buying an additional 41,533 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Marcus by 86.5% during the third quarter. Squarepoint Ops LLC now owns 73,177 shares of the company’s stock valued at $1,277,000 after buying an additional 33,948 shares during the last quarter. Hill Winds Capital LP raised its holdings in shares of Marcus by 20.0% during the third quarter. Hill Winds Capital LP now owns 90,000 shares of the company’s stock valued at $1,571,000 after buying an additional 15,000 shares during the last quarter. Finally, Credit Suisse AG raised its holdings in shares of Marcus by 26.4% during the third quarter. Credit Suisse AG now owns 394,458 shares of the company’s stock valued at $6,883,000 after buying an additional 82,474 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors.

Marcus Company Profile (Get Rating)

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates in two segments, Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center.

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