The Marcus Co. (NYSE:MCS) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. cut its holdings in The Marcus Co. (NYSE:MCSFree Report) by 32.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 31,835 shares of the company’s stock after selling 15,566 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Marcus were worth $493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Swiss National Bank raised its holdings in Marcus by 7.9% during the 1st quarter. Swiss National Bank now owns 51,700 shares of the company’s stock worth $915,000 after buying an additional 3,800 shares during the period. JPMorgan Chase & Co. raised its holdings in Marcus by 13.8% during the 1st quarter. JPMorgan Chase & Co. now owns 696,852 shares of the company’s stock worth $12,335,000 after buying an additional 84,713 shares during the period. Citigroup Inc. raised its holdings in Marcus by 40.3% during the 1st quarter. Citigroup Inc. now owns 24,652 shares of the company’s stock worth $436,000 after buying an additional 7,086 shares during the period. MetLife Investment Management LLC raised its holdings in Marcus by 55.9% during the 1st quarter. MetLife Investment Management LLC now owns 12,824 shares of the company’s stock worth $227,000 after buying an additional 4,596 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Marcus by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,846 shares of the company’s stock worth $334,000 after buying an additional 2,324 shares during the period. 81.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MCS shares. B. Riley cut their price objective on Marcus from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 2nd. StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Check Out Our Latest Analysis on MCS

Marcus Price Performance

Shares of MCS opened at $14.26 on Monday. The company has a market capitalization of $452.04 million, a price-to-earnings ratio of 237.71, a P/E/G ratio of 10.01 and a beta of 1.45. The Marcus Co. has a fifty-two week low of $13.30 and a fifty-two week high of $18.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.59 and a quick ratio of 0.59. The business’s 50-day moving average is $14.11 and its 200-day moving average is $14.92.

Marcus Company Profile

(Free Report)

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. The company's Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.

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Institutional Ownership by Quarter for Marcus (NYSE:MCS)

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