Insider Selling: Marcus Corp (MCS) Director Sells 29,540 Shares of Stock

Marcus Corp (NYSE:MCS) Director Diane M. Gershowitz sold 29,540 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $41.24, for a total transaction of $1,218,229.60. Following the completion of the transaction, the director now directly owns 207,955 shares of the company’s stock, valued at approximately $8,576,064.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Marcus stock traded down $0.40 during trading on Friday, reaching $40.56. The stock had a trading volume of 2,834 shares, compared to its average volume of 239,061. Marcus Corp has a 52-week low of $29.25 and a 52-week high of $45.82. The company has a quick ratio of 0.47, a current ratio of 0.46 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.27 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.61 and a beta of 0.71.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Marcus had a net margin of 7.55% and a return on equity of 11.96%. The company had revenue of $175.03 million during the quarter, compared to the consensus estimate of $175.00 million. As a group, research analysts anticipate that Marcus Corp will post 1.71 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, March 4th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.64 dividend on an annualized basis and a yield of 1.58%. This is an increase from Marcus’s previous quarterly dividend of $0.15. Marcus’s payout ratio is currently 32.99%.

Several large investors have recently modified their holdings of MCS. Prudential Financial Inc. lifted its position in shares of Marcus by 175.2% during the 4th quarter. Prudential Financial Inc. now owns 357,625 shares of the company’s stock worth $14,125,000 after buying an additional 227,652 shares during the last quarter. Man Group plc acquired a new position in shares of Marcus during the 3rd quarter worth $5,355,000. Nordea Investment Management AB acquired a new position in shares of Marcus during the 4th quarter worth $4,475,000. EAM Investors LLC acquired a new position in shares of Marcus during the 3rd quarter worth $4,341,000. Finally, Renaissance Technologies LLC grew its stake in shares of Marcus by 33.7% during the 3rd quarter. Renaissance Technologies LLC now owns 401,580 shares of the company’s stock worth $16,886,000 after purchasing an additional 101,280 shares during the period. Institutional investors and hedge funds own 59.10% of the company’s stock.

Several research analysts have recently commented on MCS shares. Barrington Research reissued a “buy” rating and issued a $49.00 price objective on shares of Marcus in a research note on Thursday, February 21st. Zacks Investment Research upgraded shares of Marcus from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Wednesday, January 16th. Benchmark lifted their price target on shares of Marcus to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 22nd. Finally, B. Riley set a $41.00 price target on shares of Marcus and gave the stock a “hold” rating in a research note on Saturday, February 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $45.75.

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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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Insider Buying and Selling by Quarter for Marcus (NYSE:MCS)

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