Marcus Corp. (MCS) Sets New 12-Month High at $22.39
Shares of Marcus Corp. (NYSE:MCS) hit a new 52-week high during trading on Tuesday . The company traded as high as $22.39 and last traded at $22.29, with a volume of 41,497 shares traded. The stock had previously closed at $22.02.
A number of analysts have commented on the company. B. Riley reiterated a “buy” rating and issued a $25.50 price objective on shares of Marcus Corp. in a research report on Monday. Zacks Investment Research upgraded Marcus Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, TheStreet downgraded Marcus Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th.
The company has a market capitalization of $616.51 million and a price-to-earnings ratio of 14.70. The stock has a 50-day moving average price of $21.17 and a 200 day moving average price of $19.54.
Marcus Corp. (NYSE:MCS) last released its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The company earned $134 million during the quarter, compared to analyst estimates of $129.43 million. During the same period in the prior year, the firm posted $0.32 EPS. Marcus Corp.’s revenue was down 2.0% compared to the same quarter last year. Equities analysts predict that Marcus Corp. will post $1.11 earnings per share for the current year.
In other Marcus Corp. news, Director Philip L. Milstein sold 33,500 shares of the business’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 owns 79,274 shares of the company’s stock, valued at $1,597,371.10. The sale was disclosed in a document filed with the SEC, which is available through this link.
A hedge fund recently raised its stake in Marcus Corp. stock. Victory Capital Management Inc. raised its position in Marcus Corp. (NYSE:MCS) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,642 shares of the company’s stock after buying an additional 12,390 shares during the period. Victory Capital Management Inc. owned about 0.33% of Marcus Corp. worth $1,719,000 at the end of the most recent reporting 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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