Marcus (NYSE:MCS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Marcus Corporation (The) (NYSE:MCS) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.21 and traded as high as $16.17. Marcus shares last traded at $15.95, with a volume of 152,380 shares trading hands.

Analyst Ratings Changes

MCS has been the topic of several recent research reports. Barrington Research decreased their target price on shares of Marcus from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Zacks Research downgraded Marcus from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Marcus in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Marcus Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $489.89 million, a PE ratio of 66.46, a P/E/G ratio of 1.96 and a beta of 0.61. The firm has a fifty day moving average price of $15.49 and a two-hundred day moving average price of $15.21.

Marcus announced that its board has authorized a stock repurchase program on Friday, October 31st that allows the company to buyback 4,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after buying an additional 624 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after acquiring an additional 937 shares during the last quarter. Savant Capital LLC boosted its stake in Marcus by 7.8% in the third quarter. Savant Capital LLC now owns 13,166 shares of the company’s stock valued at $204,000 after acquiring an additional 955 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in Marcus by 0.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock worth $3,167,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Marcus by 1.2% during the third quarter. Bank of America Corp DE now owns 102,695 shares of the company’s stock worth $1,593,000 after purchasing an additional 1,205 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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.