Marcus Corp. (MCS) Sees Strong Trading Volume
Marcus Corp. (NYSE:MCS) shares saw unusually-strong trading volume on Monday . Approximately 57,562 shares were traded during trading, a decline of 8% from the previous session’s volume of 62,785 shares.The stock last traded at $22.01 and had previously closed at $22.21.
Several equities research analysts have issued reports on MCS shares. Zacks Investment Research downgraded Marcus Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 13th. B. Riley cut their price target on Marcus Corp. from $27.75 to $25.50 in a report on Wednesday, March 30th. Finally, TheStreet downgraded Marcus Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 28th.
The firm has a 50 day moving average price of $20.83 and a 200-day moving average price of $19.39. The stock has a market capitalization of $595.35 million and a P/E ratio of 14.19.
Marcus Corp. (NYSE:MCS) last issued its earnings results 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. The firm had revenue of $125 million for the quarter, compared to analyst estimates of $119.25 million. Marcus Corp.’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, analysts forecast that Marcus Corp. will post $1.10 EPS for the current fiscal year.
In other news, Director Philip L. Milstein sold 33,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 79,274 shares of the company’s stock, valued at $1,597,371.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Other institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its position 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 worth $1,005,000 after buying an additional 28,955 shares during the last quarter. Victory Capital Management Inc. increased 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 period. Morgan Stanley increased 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 period. Finally, New Amsterdam Partners LLC NY increased 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 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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