Macerich Co (NYSE: MAC) is 37.46% higher on its value in year-to-date trading and has touched a low of $10.86 and a high of $21.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MAC stock was last observed hovering at around $21.15 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $21.21, the stock is 8.23% and 13.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.11 million and changing 0.28% at the moment leaves the stock 29.23% off its SMA200. MAC registered 86.71% gain for a year compared to 6-month gain of 40.28%. The firm has a 50-day simple moving average (SMA 50) of $18.7044 and a 200-day simple moving average (SMA200) of $16.4115.
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The stock witnessed a 11.99% loss in the last 1 month and extending the period to 3 months gives it a 32.81%, and is 8.44% up 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 2.95% over the week and 3.40% over the month.
Macerich Co (MAC) has around 655 employees, a market worth around $5.50B and $886.96M in sales. Profit margin for the company is -21.96%. Distance from 52-week low is 95.30% and -2.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.17%).
The EPS is expected to grow by 122.92% this year.
Macerich Co (MAC) Top Institutional Holders
405.0 institutions hold shares in Macerich Co (MAC), with institutional investors hold 83.47% of the company’s shares. The shares outstanding are 248.53M, and float is at 246.40M with Short Float at 5.80%. Institutions hold 82.98% 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
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Macerich Co disclosed in a document filed with the SEC on May 10 ’24 that Volk Kenneth (EVP, Business Development) bought a total of 5,000 shares of the company’s common stock. The trade occurred on May 10 ’24 and was made at $15.40 per share for $77025.0. Following the transaction, the insider now directly holds 51924.0 shares of the MAC stock.
Still, SEC filings show that on May 09 ’24, Kingsmore Scott W (Chief Financial Officer) acquired 6,000 shares at an average price of $16.06 for $96360.0. The insider now directly holds 42,310 shares of Macerich Co (MAC).
