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 research analysts recently weighed in on MCS shares. B. Riley reduced their price target on shares of Marcus Corp. from $27.75 to $25.50 in a research report on Wednesday, March 30th. Zacks Investment Research upgraded shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, June 29th. Finally, TheStreet downgraded shares of Marcus Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th.
The stock’s 50 day moving average is $20.85 and its 200 day moving average is $19.40. The firm has a market capitalization of $588.17 million and a P/E ratio of 14.023.
Marcus Corp. (NYSE:MCS) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. The business had revenue of $125 million for the quarter, compared to analysts’ expectations of $119.25 million. During the same period in the previous year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts expect that Marcus Corp. will post $1.10 earnings per share for the current year.
In other Marcus Corp. news, Director Philip L. Milstein sold 33,500 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were 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 approximately $1,597,371.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Other hedge funds and institutional investors have modified their holdings of the company. Morgan Stanley increased its position 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 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 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 last quarter. Finally, Bank of Montreal Can increased 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.
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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