Marcus Corp (NYSE:MCS) VP Thomas F. Kissinger sold 2,850 shares of the firm’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $42.73, for a total value of $121,780.50. Following the transaction, the vice president now directly owns 82,214 shares of the company’s stock, valued at $3,513,004.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of MCS stock traded down $0.12 during mid-day trading on Friday, hitting $42.45. The company’s stock had a trading volume of 487 shares, compared to its average volume of 169,935. Marcus Corp has a 52 week low of $23.55 and a 52 week high of $44.61. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.21 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70.
Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. Marcus had a return on equity of 12.54% and a net margin of 11.46%. The firm had revenue of $170.60 million during the quarter, compared to analyst estimates of $170.47 million. On average, analysts forecast that Marcus Corp will post 1.88 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in shares of Marcus by 4.0% in the 4th quarter. State of Alaska Department of Revenue now owns 6,679 shares of the company’s stock worth $263,000 after acquiring an additional 255 shares in the last quarter. MML Investors Services LLC raised its position in shares of Marcus by 5.1% in the 3rd quarter. MML Investors Services LLC now owns 26,794 shares of the company’s stock worth $1,127,000 after acquiring an additional 1,300 shares in the last quarter. Legal & General Group Plc raised its position in shares of Marcus by 6.9% in the 2nd quarter. Legal & General Group Plc now owns 38,527 shares of the company’s stock worth $1,253,000 after acquiring an additional 2,493 shares in the last quarter. Macquarie Group Ltd. increased its position in Marcus by 8.2% in the 2nd quarter. Macquarie Group Ltd. now owns 33,000 shares of the company’s stock valued at $1,072,000 after buying an additional 2,500 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Marcus by 5.6% in the 2nd quarter. Rhumbline Advisers now owns 48,285 shares of the company’s stock valued at $1,569,000 after buying an additional 2,564 shares in the last quarter. 62.85% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered Marcus from a “buy” rating to a “hold” rating in a research report on Friday, December 28th.
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.
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