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

Marcus Corporation (The) (NYSE:MCS) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.40 and traded as high as $16.74. Marcus shares last traded at $16.4750, with a volume of 134,193 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a report on Monday, December 29th. Zacks Research downgraded Marcus from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, Barrington Research reiterated an “outperform” rating and set a $24.00 target price on shares of Marcus in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Marcus Trading Up 3.7%

The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $505.95 million, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.57. The business has a fifty day moving average price of $15.97 and a 200 day moving average price of $15.40.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). The firm had revenue of $193.50 million during the quarter, compared to analyst estimates of $185.19 million. Marcus had a net margin of 1.67% and a return on equity of 0.46%. On average, analysts expect that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th were issued a $0.08 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.9%. Marcus’s dividend payout ratio (DPR) is 80.00%.

Insider Activity at Marcus

In related news, VP Thomas F. Kissinger sold 25,000 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $17.32, for a total transaction of $433,000.00. Following the completion of the transaction, the vice president owned 199,700 shares in the company, valued at approximately $3,458,804. This represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.82% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marcus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Navalign LLC bought a new stake in Marcus during the 4th quarter worth about $33,000. Russell Investments Group Ltd. increased its position in shares of Marcus by 550.6% in the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after acquiring an additional 1,916 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after acquiring an additional 937 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Marcus by 656.0% during the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock worth $88,000 after acquiring an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Marcus by 67.6% during the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after purchasing an additional 4,076 shares during the last quarter. 81.57% of the stock is currently 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. 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.