Marcus (NYSE:MCS) Cut to Hold at StockNews.com

Marcus (NYSE:MCS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

MCS has been the topic of several other reports. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Marcus in a report on Friday, April 11th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Marcus in a research report on Tuesday, May 6th.

Marcus Price Performance

Shares of Marcus stock opened at $17.24 on Thursday. The business has a 50 day moving average of $16.47 and a 200 day moving average of $19.37. Marcus has a 52 week low of $9.56 and a 52 week high of $23.16. The company has a market cap of $547.35 million, a PE ratio of -50.71, a P/E/G ratio of 3.12 and a beta of 1.22. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus (NYSE:MCS) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($0.02). The firm had revenue of $148.77 million for the quarter, compared to the consensus estimate of $145.50 million. Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. As a group, equities research analysts forecast that Marcus will post 0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MCS. Walleye Capital LLC increased its stake in Marcus by 9.8% in the 1st quarter. Walleye Capital LLC now owns 43,692 shares of the company’s stock worth $729,000 after buying an additional 3,900 shares during the period. Martingale Asset Management L P grew its stake in Marcus by 63.2% in the 1st quarter. Martingale Asset Management L P now owns 71,446 shares of the company’s stock worth $1,192,000 after acquiring an additional 27,678 shares in the last quarter. Versor Investments LP purchased a new position in shares of Marcus during the first quarter worth approximately $290,000. American Century Companies Inc. raised its stake in shares of Marcus by 14.7% during the first quarter. American Century Companies Inc. now owns 844,953 shares of the company’s stock valued at $14,102,000 after acquiring an additional 108,334 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in shares of Marcus by 79.7% during the first quarter. Brandywine Global Investment Management LLC now owns 90,140 shares of the company’s stock valued at $1,504,000 after acquiring an additional 39,990 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Company Profile

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.