Why Has Peel Hunt Given Mccarthy Stone Plc (LON:MCS) a GBX 270.00 Price Target
In recent note revealed to investors on Thursday, 17 December, equity research analysts at Peel Hunt began coverage for Mccarthy Stone Plc (LON:MCS) shares. The firm has decided to set a “Buy” rating along with a GBX 270.00, adding 13.56% to the target.
The stock decreased 0.42% or GBX 1 on December 16, striking GBX 237.75. Approximately 225,593 shares of stock traded hands. McCarthy & Stone PLC (LON:MCS) has risen 6.00% since November 17, 2015 and is uptrending. It has outperformed by 8.62% the S&P500.
The overall sentiment of institutions has increased to 1.11 in Q2 2015. Its up 0.22, from 0.89 in 2015Q2. The ratio is positive, as 11 institutions have sold all the shares of McCarthy & Stone PLC that they owned while 43 funds have taken shares off the table. 11 funds have purchased shares for the first time while 49 added to their positions. These institutions now hold 14.54 million shares or 3.76% less than the 15.11 million shares they owned in 2015Q2.
The Fund Morgan Dempsey Capital Management Llc currently is holding shares equating to 5.42% of its total portfolio in McCarthy & Stone PLC representing a total of 792,385 shares. Another fund,Teton Advisors Inc., is holding a total of 379,820 shares equating to 0.56% of their holdings. Additionally, Northpointe Capital Llc has a 153,240 share stake in McCarthy & Stone PLC which represents 0.39% of their total portfolio. The Fund, Gmt Capital Corp, based out of Georgia, has also built up a stake in the stock, which represents a total of 0.33% of their total portfolio. Finally Savant Capital Llc, a fund which is based in the state of Illinois reported a total holdings of 35,421 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 26, 2015, shareholders of McCarthy & Stone PLC have witnessed 0 insider buys, and a total of 1 sale equating to a net activity of approximately $102,351 . Kissinger Thomas F sold 5,000 shares worth approximately $102,351. Neis Douglas A sold 4,000 shares worth approximately $83,252.
Mccarthy & Stone Plc is a United Kingdom retirement house builder of privately owned properties. The company has a market cap of 1.28 billion GBP. The Firm offers Retirement Living for over 60s, in which its services include taking care of homeowners’ lounge, landscaped gardens, guest suite and chores like gardening and exterior maintenance. It currently has negative earnings. The Company’s Retirement Living apartment is sheltered housing accommodation.
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.”