Worth Watching: Could Marcus Corp See a Reversal After Breaking All Highs?

Worth Watching: Could Marcus Corp See a Reversal After Breaking All Highs?

The stock of Marcus Corp (NYSE:MCS) reached all time high today, Nov, 22 and still has $31.50 target or 5.00% above today’s $30.00 share price. This indicates more upside for the $830.41M company. This technical setup was reported by Barchart.com. If the $31.50 PT is reached, the company will be worth $41.52 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 37,402 shares traded hands. Marcus Corp (NYSE:MCS) has risen 55.76% since April 20, 2016 and is uptrending. It has outperformed by 51.20% 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. B. Riley & Co maintained the stock with “Buy” rating in Monday, August 24 report. The stock of Marcus Corp (NYSE:MCS) has “Buy” rating given on Friday, July 24 by B. Riley & Co. Benchmark maintained the shares of MCS in a report on Friday, July 29 with “Buy” rating. Gabelli initiated Marcus Corp (NYSE:MCS) on Thursday, October 15 with “Buy” rating.

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 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.
Nationwide Fund holds 0% or 14,830 shares in its portfolio. State Street owns 379,262 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa owns 5,818 shares or 0% of their US portfolio. Argent Capital Management Limited Liability owns 173,390 shares or 0.16% of their US portfolio. Teacher Retirement Sys Of Texas last reported 0% of its portfolio in the stock. Blackrock accumulated 0% or 10,090 shares. Mairs Pwr holds 0.04% or 141,514 shares in its portfolio. State Board Of Administration Of Florida Retirement owns 12,277 shares or 0% of their US portfolio. Prudential Fincl holds 0% or 109,383 shares in its portfolio. Teachers Retirement Sys Of The State Of Kentucky last reported 8,900 shares in the company. Teachers Advsr holds 0% of its portfolio in Marcus Corp (NYSE:MCS) for 32,384 shares. Moreover, Goldman Sachs Grp Incorporated has 0% invested in Marcus Corp (NYSE:MCS) for 31,094 shares. Blackrock Advisors Llc has invested 0% of its portfolio in Marcus Corp (NYSE:MCS). Tfs Cap Lc holds 0.1% or 26,591 shares in its portfolio. Skylands Ltd Liability Corp holds 40,500 shares or 0.14% of its portfolio.

Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 3 selling transactions 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 also sold $57,413 worth of Marcus Corp (NYSE:MCS) on Thursday, August 18. On Monday, September 26 MILSTEIN PHILIP L sold $97,156 worth of the stock or 4,000 shares.

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: Biztimes.com and their article: “Marcus Corp. planning second Safe House location in Chicago” published on October 17, 2016 as well as Bizjournals.com‘s news article titled: “Marcus Corp. plans to open SafeHouse at its downtown Chicago hotel” with publication date: October 18, 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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