Marcus Corp (NYSE:MCS) VP Thomas F. Kissinger sold 2,850 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $42.73, for a total value of $121,780.50. Following the sale, the vice president now owns 82,214 shares in the company, valued at approximately $3,513,004.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NYSE MCS traded up $0.17 during trading hours on Friday, reaching $42.62. 71,888 shares of the stock traded hands, compared to its average volume of 131,663. Marcus Corp has a 1 year low of $23.55 and a 1 year high of $44.61. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.46 and a beta of 0.70.
Marcus (NYSE:MCS) last released its quarterly earnings results on Thursday, October 25th. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.09. Marcus had a return on equity of 12.54% and a net margin of 11.46%. The business had revenue of $170.60 million for the quarter, compared to the consensus estimate of $170.47 million. On average, equities analysts expect that Marcus Corp will post 1.88 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded Marcus from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Wednesday, September 26th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its holdings in shares of Marcus by 4.0% in the fourth quarter. State of Alaska Department of Revenue now owns 6,679 shares of the company’s stock worth $263,000 after buying an additional 255 shares during the period. MML Investors Services LLC increased its holdings in shares of Marcus by 5.1% in the third quarter. MML Investors Services LLC now owns 26,794 shares of the company’s stock worth $1,127,000 after buying an additional 1,300 shares during the period. Legal & General Group Plc increased its holdings in shares of Marcus by 6.9% in the second quarter. Legal & General Group Plc now owns 38,527 shares of the company’s stock worth $1,253,000 after buying an additional 2,493 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Marcus by 8.2% in the second quarter. Macquarie Group Ltd. now owns 33,000 shares of the company’s stock worth $1,072,000 after buying an additional 2,500 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Marcus by 5.6% in the second quarter. Rhumbline Advisers now owns 48,285 shares of the company’s stock worth $1,569,000 after buying an additional 2,564 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.
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Marcus Company Profile
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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