Macerich Co. (NYSE: MAC) is -0.19% lower on its value in year-to-date trading and has touched a low of $9.14 and a high of $17.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MAC stock was last observed hovering at around $15.46 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $15.40, the stock is 1.66% and 0.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -0.39% at the moment leaves the stock 0.38% off its SMA200. MAC registered 33.31% gain for a year compared to 6-month loss of -3.69%.
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The stock witnessed a 3.98% gain in the last 1 month and extending the period to 3 months gives it a -0.58%, and is -1.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.03% over the week and 2.83% over the month.
Macerich Co. (MAC) has around 655 employees, a market worth around $3.33B and $884.52M in sales. Profit margin for the company is -24.47%. Distance from 52-week low is 68.48% and -12.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.09%).
Macerich Co. quarterly earnings per share for the current quarter are estimated at -0.05 with sales reaching $214.24M over the same period.The EPS is expected to grow by 121.58% this year, but quarterly earnings will post -7.20% year-over-year. Quarterly sales are estimated to shrink -1.80% in year-over-year returns.
396.0 institutions hold shares in Macerich Co. (MAC), with institutional investors hold 96.66% of the company’s shares. The shares outstanding are 215.98M, and float is at 214.03M with Short Float at 6.11%. Institutions hold 95.97% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 39.87 million shares valued at $615.66 million. The investor’s holdings represent 18.4573 of the MAC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 34.44 million shares valued at $531.77 million to account for 15.9424 of the shares outstanding. The other top investors are SMEAD CAPITAL MANAGEMENT, INC. which holds 19.74 million shares representing 9.1395 and valued at over $304.86 million, while STATE STREET CORP holds 6.1485 of the shares totaling 13.28 million with a market value of $205.09 million.
Macerich Co. (MAC) Insider Activity
The most recent transaction is an insider purchase by Volk Kenneth, the company’s EVP, Business Development. SEC filings show that Volk Kenneth bought 5,000 shares of the company’s common stock on May 10 ’24 at a price of $15.40 per share for a total of $77025.0. Following the purchase, the insider now owns 51924.0 shares.
Macerich Co. disclosed in a document filed with the SEC on May 09 ’24 that Kingsmore Scott W (Chief Financial Officer) bought a total of 6,000 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $16.06 per share for $96360.0. Following the transaction, the insider now directly holds 42310.0 shares of the MAC stock.
Still, SEC filings show that on May 08 ’24, Menard Ann C (Chief Legal Officer/Secretary) acquired 4,865 shares at an average price of $15.40 for $74945.0. The insider now directly holds 20,633 shares of Macerich Co. (MAC).
