Marcus Corp. (MCS) Hits New 52-Week High at $22.36
Marcus Corp. (NYSE:MCS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $22.36 and last traded at $22.26, with a volume of 20,091 shares changing hands. The stock had previously closed at $21.99.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered Marcus Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 5th. B. Riley reaffirmed a “buy” rating and set a $25.50 price target on shares of Marcus Corp. in a research report on Wednesday, May 4th. Finally, TheStreet lowered Marcus Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th.
The stock has a 50-day moving average price of $20.76 and a 200-day moving average price of $19.37. The stock has a market capitalization of $610.46 million and a price-to-earnings ratio of 14.55.
Marcus Corp. (NYSE:MCS) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.11. During the same quarter in the prior year, the firm earned $0.11 EPS. The firm had revenue of $125 million for the quarter, compared to the consensus estimate of $119.25 million. The company’s revenue was up 5.6% on a year-over-year basis. Analysts anticipate that Marcus Corp. will post $1.15 EPS for the current year.
In related news, Director Philip L. Milstein sold 33,500 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $20.15, for a total transaction of $675,025.00. Following the sale, the director now owns 79,274 shares in the company, valued at approximately $1,597,371.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several large investors recently added to or reduced their stakes in the stock. LSV Asset Management raised its stake in Marcus Corp. by 4.0% in the fourth quarter. LSV Asset Management now owns 395,511 shares of the company’s stock worth $7,502,000 after buying an additional 15,289 shares during the period. New Amsterdam Partners LLC NY raised its stake in Marcus Corp. by 19.5% in the fourth quarter. New Amsterdam Partners LLC NY now owns 146,939 shares of the company’s stock worth $2,787,000 after buying an additional 23,994 shares during the period. Morgan Stanley raised its stake in Marcus Corp. by 27.7% in the fourth quarter. Morgan Stanley now owns 111,668 shares of the company’s stock worth $2,118,000 after buying an additional 24,248 shares during the period. Victory Capital Management Inc. raised its stake in Marcus Corp. by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 90,642 shares of the company’s stock worth $1,719,000 after buying an additional 12,390 shares during the period. Finally, Bank of Montreal Can raised its stake in Marcus Corp. by 120.6% in the fourth quarter. Bank of Montreal Can now owns 52,969 shares of the company’s stock worth $1,005,000 after buying an additional 28,955 shares during the period.
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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