Marcus Corp. (MCS) Sees Strong Trading Volume
Marcus Corp. (NYSE:MCS) shares saw unusually-strong trading volume on Friday . Approximately 311,739 shares were traded during trading, an increase of 265% from the previous session’s volume of 85,421 shares.The stock last traded at $23.66 and had previously closed at $23.41.
Several analysts recently issued reports on MCS shares. Zacks Investment Research lowered shares of Marcus Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. TheStreet lowered shares of Marcus Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Benchmark Co. raised their target price on shares of Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, B. Riley restated a “buy” rating and issued a $25.50 target price on shares of Marcus Corp. in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $27.28.
The stock’s 50-day moving average is $22.16 and its 200-day moving average is $20.05. The firm has a market capitalization of $652.05 million and a PE ratio of 15.38.
Marcus Corp. (NYSE:MCS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. During the same period in the prior year, the firm earned $0.32 EPS. The company earned $134 million during the quarter, compared to analysts’ expectations of $129.43 million. Marcus Corp.’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts forecast that Marcus Corp. will post $1.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be paid a $0.1125 dividend. The ex-dividend date is Tuesday, August 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.90%.
In other news, VP Thomas F. Kissinger sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total value of $34,575.00. Following the completion of the sale, the vice president now owns 47,254 shares of the company’s stock, valued at approximately $1,089,204.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
A hedge fund recently raised its stake in Marcus Corp. stock. Bank of Montreal Can raised its position in shares of Marcus Corp. (NYSE:MCS) by 120.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,969 shares of the company’s stock after buying an additional 28,955 shares during the period. Bank of Montreal Can owned approximately 0.19% of Marcus Corp. worth $1,005,000 as of its most recent filing with the SEC.
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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