Price Action Alert: Is Marcus Corp a Buy? The Stock Reaches Record High Today

Price Action Alert: Is Marcus Corp a Buy? The Stock Reaches Record High Today

The stock of Marcus Corp (NYSE:MCS) reached all time high today, Nov, 14 and still has $38.04 target or 33.00% above today’s $28.60 share price. This indicates more upside for the $813.13 million company. This technical setup was reported by Barchart.com. If the $38.04 PT is reached, the company will be worth $268.33 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 51,887 shares traded hands. Marcus Corp (NYSE:MCS) has risen 54.12% since April 12, 2016 and is uptrending. It has outperformed by 49.13% the S&P500.

Marcus Corp (NYSE:MCS) Ratings Coverage

Out of 3 analysts covering Marcus Corp (NYSE:MCS), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Marcus Corp has been the topic of 5 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Gabelli initiated the stock with “Buy” rating in Thursday, October 15 report. The stock has “Buy” rating given by B. Riley & Co on Friday, July 24. The rating was maintained by Benchmark with “Buy” on Friday, July 29. B. Riley & Co maintained it with “Buy” rating and $26 target price in Monday, August 24 report.

According to Zacks Investment Research, “The Marcus Corporation engages in the lodging and entertainment industries. It operates through two segments: Movie Theatres, and Hotels and Resorts. The Company’s movie theatre division owns or manages screens at locations in several states, as well as a family entertainment center. Marcus’ lodging division owns or manages hotels and resorts in several states, as well as a vacation club. It also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. The Marcus Corporation is headquartered in Milwaukee, Wisconsin.”

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.62, from 1.52 in 2016Q1. The ratio turned negative, as 7 funds sold all Marcus Corp shares owned while 41 reduced positions. 11 funds bought stakes while 32 increased positions. They now own 15.26 million shares or 0.37% less from 15.32 million shares in 2016Q1.
State Of Tennessee Treasury Department has 14,645 shares for 0% of their US portfolio. California Employees Retirement, a California-based fund reported 50,000 shares. Morgan Dempsey Capital Management Ltd Liability Corp accumulated 629,333 shares or 4.5% of the stock. Panagora Asset Mngmt Inc holds 0.02% or 150,217 shares in its portfolio. Clarivest Asset Lc owns 29,266 shares or 0.02% of their US portfolio. Northern Trust holds 0.01% or 906,873 shares in its portfolio. Dalton Greiner Hartman Maher & Com owns 66,075 shares or 0.09% of their US portfolio. Victory Cap Mgmt last reported 0.01% of its portfolio in the stock. Us Natl Bank De holds 133,639 shares or 0.01% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 608 shares or 0% of the stock. Creative Planning has invested 0% of its portfolio in Marcus Corp (NYSE:MCS). Ubs Asset Mngmt Americas Incorporated last reported 0% of its portfolio in the stock. Tiaa Cref Mgmt Limited Liability Com has invested 0% of its portfolio in Marcus Corp (NYSE:MCS). Fincl Bank Of America Corporation De, a North Carolina-based fund reported 15,708 shares. State Teachers Retirement Systems holds 72,582 shares or 0% of its portfolio.

Insider Transactions: Since August 17, 2016, the stock had 0 insider buys, and 3 insider sales for $189,147 net activity. Shares for $57,413 were sold by NEIS DOUGLAS A on Thursday, August 18. MILSTEIN PHILIP L also sold $97,156 worth of Marcus Corp (NYSE:MCS) on Monday, September 26. On Wednesday, August 17 KISSINGER THOMAS F sold $34,578 worth of the stock or 1,500 shares.

More notable recent Marcus Corp (NYSE:MCS) news were published by: Jsonline.com which released: “Marcus Corp. posts 32% increase in earnings” on October 27, 2016, also Biztimes.com with their article: “Marcus Corp. planning second Safe House location in Chicago” published on October 17, 2016, Bizjournals.com published: “Marcus Corp. plans to open SafeHouse at its downtown Chicago hotel” on October 18, 2016. More interesting news about Marcus Corp (NYSE:MCS) were released by: Jsonline.com and their article: “C-Level: Replication is key to Marcus Corp. growth strategy” published on September 24, 2016 as well as Fox6now.com‘s news article titled: “Marcus Corp. eyes theater, 20-story building on river in Park East” with publication date: June 30, 2016.

MCS Company Profile

The Marcus Corporation, incorporated on August 13, 1992, operates principally in two business divisions: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.

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