Marcus Corp. (MCS) Reaches New 52-Week High at $22.36
Marcus Corp. (NYSE:MCS) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.36 and last traded at $22.26, with a volume of 20,091 shares traded. The stock had previously closed at $21.99.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Marcus Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 5th. B. Riley restated a “buy” rating and set a $25.50 price target on shares of Marcus Corp. in a research note on Wednesday, May 4th. Finally, TheStreet downgraded Marcus Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th.
The firm’s 50-day moving average is $20.60 and its 200 day moving average is $19.33. The company has a market cap of $604.97 million and a P/E ratio of 14.42.
Marcus Corp. (NYSE:MCS) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. The business earned $125 million during the quarter, compared to analyst estimates of $119.25 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 EPS. Analysts predict that Marcus Corp. will post $1.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, May 25th were paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Monday, May 23rd.
In related news, Director Philip L. Milstein sold 33,500 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $20.15, for a total value of $675,025.00. Following the transaction, the director now owns 79,274 shares in the company, valued at $1,597,371.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Other hedge funds have recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of Marcus Corp. by 120.6% in the fourth quarter. Bank of Montreal Can now owns 52,969 shares of the company’s stock valued at $1,005,000 after buying an additional 28,955 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Marcus Corp. by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 90,642 shares of the company’s stock valued at $1,719,000 after buying an additional 12,390 shares during the last quarter. Morgan Stanley boosted its stake in shares of Marcus Corp. by 27.7% in the fourth quarter. Morgan Stanley now owns 111,668 shares of the company’s stock valued at $2,118,000 after buying an additional 24,248 shares during the last quarter. New Amsterdam Partners LLC NY boosted its stake in shares of Marcus Corp. by 19.5% in the fourth quarter. New Amsterdam Partners LLC NY now owns 146,939 shares of the company’s stock valued at $2,787,000 after buying an additional 23,994 shares during the last quarter. Finally, LSV Asset Management boosted its stake in shares of Marcus Corp. by 4.0% in the fourth quarter. LSV Asset Management now owns 395,511 shares of the company’s stock valued at $7,502,000 after buying an additional 15,289 shares during the last quarter.
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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