Thomas F. Kissinger Sells 1,000 Shares of Marcus Corp. (MCS) Stock
Marcus Corp. (NYSE:MCS) VP Thomas F. Kissinger sold 1,000 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $31.00, for a total value of $31,000.00. Following the completion of the transaction, the vice president now directly owns 58,413 shares of the company’s stock, valued at approximately $1,810,803. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Marcus Corp. (NYSE:MCS) opened at 30.00 on Thursday. The stock has a 50 day moving average price of $26.83 and a 200 day moving average price of $23.28. Marcus Corp. has a 52 week low of $17.44 and a 52 week high of $31.15. The firm has a market cap of $828.93 million, a PE ratio of 18.05 and a beta of 0.39.
Marcus Corp. (NYSE:MCS) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The company earned $144.70 million during the quarter, compared to analyst estimates of $526.63 million. Marcus Corp. had a return on equity of 9.20% and a net margin of 6.55%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that Marcus Corp. will post $1.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Monday, November 28th will be paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, November 23rd. Marcus Corp.’s dividend payout ratio is 36.59%.
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MCS has been the subject of a number of recent research reports. B. Riley reaffirmed a “buy” rating and issued a $25.50 target price on shares of Marcus Corp. in a report on Thursday, August 4th. Zacks Investment Research raised Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, September 14th. Benchmark Co. upped their target price on Marcus Corp. from $26.11 to $28.19 and gave the stock a “buy” rating in a report on Monday, September 26th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Marcus Corp. in a report on Wednesday, November 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.17.
Large investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its stake in Marcus Corp. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the company’s stock valued at $104,000 after buying an additional 70 shares in the last quarter. California State Teachers Retirement System raised its stake in Marcus Corp. by 0.4% in the second quarter. California State Teachers Retirement System now owns 39,016 shares of the company’s stock valued at $823,000 after buying an additional 162 shares in the last quarter. Two Sigma Advisers LP raised its stake in Marcus Corp. by 0.9% in the third quarter. Two Sigma Advisers LP now owns 44,029 shares of the company’s stock valued at $1,102,000 after buying an additional 401 shares in the last quarter. Savant Capital LLC raised its stake in Marcus Corp. by 1.4% in the second quarter. Savant Capital LLC now owns 35,900 shares of the company’s stock valued at $757,000 after buying an additional 479 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Marcus Corp. by 5.7% in the third quarter. First Trust Advisors LP now owns 10,252 shares of the company’s stock valued at $257,000 after buying an additional 556 shares in the last quarter. 57.16% of the stock is owned by institutional investors.
Marcus Corp. Company Profile
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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