The stock of Marcus Corp (NYSE:MCS) hit a new 52-week high and has $36.13 target or 27.00% above today’s $28.45 share price. The 6 months bullish chart indicates low risk for the $800.60M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $36.13 price target is reached, the company will be worth $216.16M 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. The stock increased 2.89% or $0.8 on November 11, hitting $28.45. About 87,997 shares traded hands or 68.18% up from the average. Marcus Corp (NYSE:MCS) has risen 51.01% since April 11, 2016 and is uptrending. It has outperformed by 44.86% 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 stock has “Buy” rating given by B. Riley & Co on Friday, July 24. Gabelli initiated Marcus Corp (NYSE:MCS) on Thursday, October 15 with “Buy” rating. B. Riley & Co maintained the shares of MCS in a report on Monday, August 24 with “Buy” rating. The stock of Marcus Corp (NYSE:MCS) earned “Buy” rating by Benchmark on Friday, July 29.
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 Q2 2016. Its down 0.62, from 1.52 in 2016Q1. The ratio dived, 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.
Bnp Paribas Arbitrage Sa accumulated 0% or 5,818 shares. California State Teachers Retirement Sys has 39,016 shares for 0% of their US portfolio. Great West Life Assurance Can holds 0% of its portfolio in Marcus Corp (NYSE:MCS) for 6,221 shares. Argent Cap Limited Company has 0.16% invested in the company for 173,390 shares. Cannell Peter B & Co has 10,100 shares for 0.01% of their US portfolio. Retail Bank Of New York Mellon holds 270,863 shares or 0% of its portfolio. Moreover, Teacher Retirement Sys Of Texas has 0% invested in Marcus Corp (NYSE:MCS) for 2,370 shares. Moreover, Pinebridge Ltd Partnership has 0% invested in Marcus Corp (NYSE:MCS) for 2,221 shares. Qs accumulated 0.01% or 59,326 shares. Blackrock has invested 0% of its portfolio in Marcus Corp (NYSE:MCS). Clarivest Asset Management Ltd Liability Corp holds 0.02% of its portfolio in Marcus Corp (NYSE:MCS) for 29,266 shares. Bridgeway Capital Mgmt Inc owns 266,604 shares or 0.09% of their US portfolio. Citigroup Inc has invested 0% of its portfolio in Marcus Corp (NYSE:MCS). Royal National Bank Of Canada holds 0% of its portfolio in Marcus Corp (NYSE:MCS) for 51,500 shares. The Pennsylvania-based Brandywine Invest Management Limited Liability Company has invested 0% in Marcus Corp (NYSE:MCS).
Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 3 sales for $189,147 net activity. 1,500 Marcus Corp (NYSE:MCS) shares with value of $34,578 were sold by KISSINGER THOMAS F. NEIS DOUGLAS A had sold 2,500 shares worth $57,413. 4,000 shares were sold by MILSTEIN PHILIP L, worth $97,156.
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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