Marcus Corp (NYSE:MCS) VP Thomas F. Kissinger sold 6,000 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $41.37, for a total value of $248,220.00. Following the completion of the sale, the vice president now owns 85,064 shares of the company’s stock, valued at approximately $3,519,097.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NYSE MCS traded up $0.30 during mid-day trading on Friday, reaching $41.40. 83,443 shares of the company’s stock traded hands, compared to its average volume of 124,361. Marcus Corp has a 1-year low of $23.55 and a 1-year high of $41.78. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.15 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.56 and a beta of 0.55.
Marcus (NYSE:MCS) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Marcus had a return on equity of 11.83% and a net margin of 10.97%. The firm had revenue of $193.30 million during the quarter, compared to analyst estimates of $183.52 million. analysts anticipate that Marcus Corp will post 1.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Monday, August 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.45%. Marcus’s dividend payout ratio (DPR) is presently 38.96%.
A number of hedge funds and other institutional investors have recently modified their holdings of MCS. Thompson Davis & CO. Inc. lifted its holdings in Marcus by 92.3% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,207 shares of the company’s stock worth $104,000 after buying an additional 1,539 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in Marcus during the 1st quarter worth approximately $111,000. Sei Investments Co. lifted its holdings in Marcus by 55.6% during the 1st quarter. Sei Investments Co. now owns 4,817 shares of the company’s stock worth $146,000 after buying an additional 1,721 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Marcus during the 2nd quarter worth approximately $147,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Marcus during the 1st quarter worth approximately $157,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.
A number of equities research analysts have weighed in on MCS shares. B. Riley raised their price objective on Marcus from $36.00 to $40.00 and gave the company a “$33.70” rating in a research note on Monday, July 23rd. Zacks Investment Research lowered Marcus from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. ValuEngine upgraded Marcus from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Finally, Barrington Research restated a “buy” rating and set a $36.00 price objective on shares of Marcus in a research note on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.25.
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.
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