Thomas F. Kissinger Sells 1,000 Shares of Marcus Corp. (MCS) Stock
Marcus Corp. (NYSE:MCS) VP Thomas F. Kissinger sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $31.00, for a total transaction of $31,000.00. Following the completion of the sale, the vice president now owns 58,413 shares of the company’s stock, valued at approximately $1,810,803. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Marcus Corp. (NYSE:MCS) remained flat at $30.75 during midday trading on Tuesday. 263,555 shares of the stock were exchanged. The firm’s 50 day moving average is $26.83 and its 200-day moving average is $23.28. The firm has a market cap of $849.65 million, a price-to-earnings ratio of 18.50 and a beta of 0.39. Marcus Corp. has a 52 week low of $17.44 and a 52 week high of $31.15.
Marcus Corp. (NYSE:MCS) last released its earnings results on Thursday, October 27th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.20%. The business earned $144.70 million during the quarter, compared to analyst estimates of $526.63 million. The business’s revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Marcus Corp. will post $1.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, November 23rd. Marcus Corp.’s payout ratio is 36.59%.
MCS has been the subject of several analyst reports. B. Riley restated a “buy” rating and issued a $33.50 target price (up previously from $31.00) on shares of Marcus Corp. in a report on Tuesday, November 22nd. Zacks Investment Research upgraded shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, September 28th. Finally, Benchmark Co. lifted their price objective on shares of Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a report on Monday, September 26th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $30.17.
A number of hedge funds and other institutional investors have recently bought and sold shares of MCS. Municipal Employees Retirement System of Michigan boosted its position in Marcus Corp. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the company’s stock worth $104,000 after buying an additional 70 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock worth $123,000 after buying an additional 3,100 shares during the last quarter. Arizona State Retirement System bought a new position in Marcus Corp. during the second quarter worth approximately $206,000. Louisiana State Employees Retirement System acquired a new stake in shares of Marcus Corp. during the third quarter valued at about $208,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Marcus Corp. during the third quarter valued at about $210,000. 57.16% of the stock is currently owned by institutional investors.
Marcus Corp. Company Profile
The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.
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