Marcus (NYSE:MCS) VP Sells $433,000.00 in Stock

Marcus Corporation (The) (NYSE:MCS) VP Thomas Kissinger sold 25,000 shares of Marcus stock in a transaction on Friday, March 6th. The stock was sold at an average price of $17.32, for a total value of $433,000.00. Following the sale, the vice president directly owned 199,700 shares of the company’s stock, valued at approximately $3,458,804. This trade represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Marcus Trading Down 0.9%

MCS stock traded down $0.15 during midday trading on Tuesday, hitting $16.62. 108,019 shares of the company’s stock were exchanged, compared to its average volume of 150,914. Marcus Corporation has a one year low of $12.85 and a one year high of $18.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $510.40 million, a PE ratio of 41.55, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. The stock’s fifty day moving average price is $15.87 and its 200-day moving average price is $15.37.

Marcus (NYSE:MCS) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Marcus had a return on equity of 0.46% and a net margin of 1.67%.The business had revenue of $193.50 million for the quarter, compared to analyst estimates of $185.19 million. Research analysts predict that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, February 25th. Marcus’s payout ratio is 80.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV acquired a new position in Marcus in the 4th quarter valued at approximately $227,000. Balyasny Asset Management L.P. bought a new position in shares of Marcus during the fourth quarter worth about $170,000. PDT Partners LLC bought a new stake in shares of Marcus in the 4th quarter valued at $314,000. AQR Capital Management LLC grew its holdings in Marcus by 8.7% during the 4th quarter. AQR Capital Management LLC now owns 136,589 shares of the company’s stock worth $2,118,000 after acquiring an additional 10,943 shares during the period. Finally, Trexquant Investment LP boosted its position in shares of Marcus by 112.3% during the 4th quarter. Trexquant Investment LP now owns 105,680 shares of the company’s stock valued at $1,639,000 after purchasing an additional 55,911 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MCS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a report on Monday, December 29th. Barrington Research reiterated an “outperform” rating and set a $24.00 target price on shares of Marcus in a research report on Monday, March 2nd. Finally, Zacks Research lowered Marcus from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.