Notable Runner: Marcus Corp’s Stock Is Buy After Reaching 52-Week High

Notable Runner: Marcus Corp's Stock Is Buy After Reaching 52 Week High

The stock of Marcus Corp (NYSE:MCS) hit a new 52-week high and has $47.97 target or 64.00% above today’s $29.25 share price. The 8 months bullish chart indicates low risk for the $813.94M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $47.97 price target is reached, the company will be worth $520.92 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 35,505 shares traded hands. Marcus Corp (NYSE:MCS) has risen 50.40% since April 19, 2016 and is uptrending. It has outperformed by 46.54% 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. The rating was upgraded by B. Riley & Co to “Buy” on Friday, July 24. On Monday, August 24 the stock rating was maintained by B. Riley & Co with “Buy”. Benchmark maintained the shares of MCS in a report on Friday, July 29 with “Buy” rating. The stock of Marcus Corp (NYSE:MCS) earned “Buy” rating by Gabelli on Thursday, October 15.

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 increased to 1.29 in Q2 2016. Its up 0.39, from 0.9 in 2016Q1. The ratio increased, 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.
Blackrock Institutional Tru Na reported 593,749 shares or 0% of all its holdings. Morgan Dempsey Mgmt Ltd last reported 4.5% of its portfolio in the stock. Blackrock Fund Advisors last reported 1.24M shares in the company. Us Comml Bank De has 133,639 shares for 0.01% of their US portfolio. The Massachusetts-based Putnam Llc has invested 0% in Marcus Corp (NYSE:MCS). Argent Limited Liability Company last reported 173,390 shares in the company. Ifc Holdg Inc Fl last reported 0.02% of its portfolio in the stock. Aqr Capital Mgmt Ltd Limited Liability Company has invested 0% of its portfolio in Marcus Corp (NYSE:MCS). Axa accumulated 0% or 33,000 shares. Boston Advisors Ltd holds 16,535 shares or 0.01% of its portfolio. Moreover, Blackrock Gru Limited has 0% invested in Marcus Corp (NYSE:MCS) for 22,751 shares. Moreover, Qs Investors Lc has 0.01% invested in Marcus Corp (NYSE:MCS) for 59,326 shares. Invesco has 40,294 shares for 0% of their US portfolio. Texas Permanent School Fund owns 14,365 shares or 0% of their US portfolio. Fincl Bank Of Mellon last reported 270,863 shares in the company.

Insider Transactions: Since August 17, 2016, the stock had 0 insider buys, and 3 sales for $189,147 net activity. 2,500 shares with value of $57,413 were sold by NEIS DOUGLAS A on Thursday, August 18. Shares for $34,578 were sold by KISSINGER THOMAS F on Wednesday, August 17. MILSTEIN PHILIP L sold $97,156 worth of Marcus Corp (NYSE:MCS) on Monday, September 26.

More notable recent Marcus Corp (NYSE:MCS) news were published by: Bizjournals.com which released: “‘Pets,’ ‘Dory’ help Marcus Corp. grow 3Q profits” on October 27, 2016, also Bizjournals.com with their article: “Marcus Corp. plans to open SafeHouse at its downtown Chicago hotel” published on October 18, 2016, Jsonline.com published: “C-Level: Replication is key to Marcus Corp. growth strategy” on September 24, 2016. More interesting news about Marcus Corp (NYSE:MCS) were released by: Biztimes.com and their article: “Marcus Corp. planning second Safe House location in Chicago” published on October 17, 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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