Macerich Co (NYSE: MAC) is -2.71% lower on its value in year-to-date trading and has touched a low of $12.99 and a high of $22.27 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 $19.30 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $19.38, the stock is -4.82% and -3.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 0.41% at the moment leaves the stock 14.10% off its SMA200. MAC registered 23.36% gain for a year compared to 6-month gain of 25.36%. The firm has a 50-day simple moving average (SMA 50) of $20.153 and a 200-day simple moving average (SMA200) of $16.97165.
The stock witnessed a -9.14% loss in the last 1 month and extending the period to 3 months gives it a 9.00%, and is -5.65% 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 3.34% over the week and 2.93% over the month.
Macerich Co (MAC) has around 655 employees, a market worth around $5.01B and $886.96M in sales. Profit margin for the company is -21.96%. Distance from 52-week low is 49.19% and -12.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.17%).
with sales reaching $215.87M over the same period.The EPS is expected to grow by 108.92% this year, but quarterly earnings will post -8.49% year-over-year. Quarterly sales are estimated to shrink -9.56% in year-over-year returns.
Macerich Co (MAC) Top Institutional Holders
409.0 institutions hold shares in Macerich Co (MAC), with institutional investors hold 83.48% of the company’s shares. The shares outstanding are 248.53M, and float is at 246.61M with Short Float at 5.93%. Institutions hold 82.99% 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 sale by Stephen Andrea M, the company’s Director. SEC filings show that Stephen Andrea M sold 63,289 shares of the company’s common stock on Dec 26 ’24 at a price of $20.59 per share for a total of $1.3 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on May 10 ’24, Volk Kenneth (EVP, Business Development) acquired 5,000 shares at an average price of $15.40 for $77025.0. The insider now directly holds 51,924 shares of Macerich Co (MAC).
