Marcus Corp. (MCS) Sees Strong Trading Volume
Marcus Corp. (NYSE:MCS) saw unusually-strong trading volume on Tuesday . Approximately 59,447 shares were traded during trading, an increase of 5% from the previous session’s volume of 56,524 shares.The stock last traded at $23.72 and had previously closed at $23.72.
Several equities analysts recently issued reports on MCS shares. Zacks Investment Research upgraded shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, September 14th. B. Riley restated a “buy” rating and issued a $30.00 price objective on shares of Marcus Corp. in a report on Tuesday, August 23rd. Finally, Benchmark Co. upped their price objective on shares of Marcus Corp. from $25.24 to $26.11 and gave the stock a “buy” rating in a report on Friday, July 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Marcus Corp. has a consensus rating of “Buy” and a consensus target price of $28.28.
The stock has a 50-day moving average of $23.20 and a 200 day moving average of $20.82. The stock has a market cap of $649.29 million, a PE ratio of 15.32 and a beta of 0.60.
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, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The firm earned $134 million during the quarter, compared to analyst estimates of $129.43 million. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. Analysts forecast that Marcus Corp. will post $1.13 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were issued a $0.1125 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.45 annualized dividend and a dividend yield of 1.91%. Marcus Corp.’s dividend payout ratio (DPR) is presently 36.00%.
In other news, VP Thomas F. Kissinger sold 1,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,089,204.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas A. Neis sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $22.97, for a total transaction of $57,425.00. Following the completion of the sale, the chief financial officer now owns 51,002 shares of the company’s stock, valued at approximately $1,171,515.94. The disclosure for this sale can be found here. 33.75% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock valued at $123,000 after buying an additional 3,100 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in shares of Marcus Corp. during the first quarter worth $174,000. Arizona State Retirement System bought a new stake in shares of Marcus Corp. during the second quarter worth $206,000. BlackRock Inc. raised its stake in shares of Marcus Corp. by 615.1% in the second quarter. BlackRock Inc. now owns 10,090 shares of the company’s stock worth $213,000 after buying an additional 8,679 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Marcus Corp. during the second quarter worth $251,000. Hedge funds and other institutional investors own 56.39% of the company’s stock.
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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