Marcus Corporation (The) (NYSE:MCS – Get Free Report) Director Diane Gershowitz sold 50,000 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $27.61, for a total value of $1,380,500.00. Following the transaction, the director directly owned 125,617 shares in the company, valued at $3,468,285.37. The trade was a 28.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Marcus Stock Performance
Shares of MCS traded up $0.41 during trading hours on Thursday, hitting $28.21. The stock had a trading volume of 256,069 shares, compared to its average volume of 204,722. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.44 and a quick ratio of 0.44. Marcus Corporation has a 12 month low of $12.85 and a 12 month high of $32.42. The firm has a market capitalization of $869.92 million, a PE ratio of 39.74 and a beta of 0.52. The stock has a fifty day moving average price of $27.85 and a 200 day moving average price of $22.37.
Marcus (NYSE:MCS – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. Marcus had a return on equity of 2.67% and a net margin of 2.87%.The company had revenue of $231.74 million during the quarter, compared to analysts’ expectations of $217.72 million. Analysts anticipate that Marcus Corporation will post 0.81 EPS for the current year.
Marcus Increases Dividend
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Wedbush raised their price objective on shares of Marcus from $23.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Benchmark lifted their price target on shares of Marcus from $22.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. B. Riley Financial lowered Marcus from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $27.00 to $29.00 in a research note on Friday, July 31st. Finally, Weiss Ratings raised Marcus from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.
Get Our Latest Stock Analysis on MCS
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in Marcus in the 2nd quarter worth approximately $6,481,000. Saber Capital Managment LLC purchased a new position in Marcus during the fourth quarter valued at approximately $7,836,000. Heartland Advisors Inc. boosted its position in shares of Marcus by 24.4% in the first quarter. Heartland Advisors Inc. now owns 255,000 shares of the company’s stock worth $4,378,000 after purchasing an additional 50,000 shares during the period. Lazard Asset Management LLC bought a new position in shares of Marcus in the first quarter worth approximately $844,000. Finally, Susquehanna International Group LLP increased its stake in shares of Marcus by 183.1% in the second quarter. Susquehanna International Group LLP now owns 47,094 shares of the company’s stock worth $1,105,000 after purchasing an additional 30,457 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors.
Marcus Company Profile
Marcus Corporation is a diversified hospitality and entertainment company headquartered in Milwaukee, Wisconsin. Founded in 1935, the company operates through two primary business segments: movie theatres and hotels and resorts.
Through Marcus Theatres, the company owns and operates cinemas under the Marcus Theatres and Movie Tavern brands, offering first-run films, premium viewing experiences, food and beverage service, and other entertainment amenities. Its theatres are located primarily in the Midwestern United States, with additional locations in other regions.
Through Marcus Hotels & Resorts, the company owns, manages, or develops hotels, resorts, and related hospitality properties.
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