The stock of Marcus Corp (NYSE:MCS) is a huge mover today! The stock increased 4.36% or $1.3 during the last trading session, hitting $31.1. About 76,198 shares traded hands or 9.65% up from the average. Marcus Corp (NYSE:MCS) has risen 53.85% since April 22, 2016 and is uptrending. It has outperformed by 48.44% the S&P500.
The move comes after 7 months positive chart setup for the $853.61 million company. It was reported on Nov, 25 by Barchart.com. We have $33.59 PT which if reached, will make NYSE:MCS worth $68.29 million more.
Analysts await Marcus Corp (NYSE:MCS) to report earnings on December, 15. MCS’s profit will be $7.96M for 26.81 P/E if the $0.29 EPS becomes a reality. After $0.51 actual earnings per share reported by Marcus Corp for the previous quarter, Wall Street now forecasts -43.14% negative EPS growth.
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. On Friday, July 24 the stock rating was upgraded by B. Riley & Co to “Buy”. B. Riley & Co maintained the stock with “Buy” rating in Monday, August 24 report. On Thursday, October 15 the stock rating was initiated by Gabelli with “Buy”. The firm has “Buy” rating given on Friday, July 29 by Benchmark.
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 2016 Q2. Its up 0.39, from 0.9 in 2016Q1. The ratio improved, 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.
Clarivest Asset Ltd reported 29,266 shares or 0.02% of all its holdings. Mairs Power has invested 0.04% of its portfolio in Marcus Corp (NYSE:MCS). Manufacturers Life The holds 13,777 shares or 0% of its portfolio. Bancorp Of America Corporation De has 0% invested in the company for 15,708 shares. Pub Sector Pension Inv Board last reported 12,975 shares in the company. Cornercap Invest Counsel, a Georgia-based fund reported 26,710 shares. Prudential, a New Jersey-based fund reported 109,383 shares. State Board Of Administration Of Florida Retirement System accumulated 12,277 shares or 0% of the stock. The California-based Wells Fargo & Communications Mn has invested 0% in Marcus Corp (NYSE:MCS). Gemmer Asset Mgmt Limited accumulated 133 shares or 0% of the stock. Clearbridge Investments Limited Liability Corporation last reported 7,525 shares in the company. National Bank Of New York Mellon holds 270,863 shares or 0% of its portfolio. Picton Mahoney Asset Mngmt has 3,800 shares for 0% of their US portfolio. Lsv Asset Mgmt has invested 0.02% of its portfolio in Marcus Corp (NYSE:MCS). Moreover, Skylands Capital Ltd Liability has 0.14% invested in Marcus Corp (NYSE:MCS) for 40,500 shares.
Insider Transactions: Since August 17, 2016, the stock had 0 insider buys, and 3 sales for $189,147 net activity. NEIS DOUGLAS A sold $57,413 worth of stock or 2,500 shares. MILSTEIN PHILIP L sold $97,156 worth of Marcus Corp (NYSE:MCS) on Monday, September 26. KISSINGER THOMAS F had sold 1,500 shares worth $34,578.
More notable recent Marcus Corp (NYSE:MCS) news were published by: Biztimes.com which released: “Marcus Corp. to acquire St. Louis-based theater chain” on November 21, 2016, also Bizjournals.com with their article: “‘Pets,’ ‘Dory’ help Marcus Corp. grow 3Q profits” published on October 27, 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: Bizjournals.com and their article: “Marcus Corp. plans to open SafeHouse at its downtown Chicago hotel” published on October 18, 2016 as well as Biztimes.com‘s news article titled: “Marcus Corp. planning second Safe House location in Chicago” with publication date: October 17, 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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