Marcus (NYSE:MCS) VP Sells $433,000.00 in Stock

Marcus Corporation (The) (NYSE:MCS) VP Thomas Kissinger sold 25,000 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $17.32, for a total transaction of $433,000.00. Following the transaction, the vice president owned 199,700 shares in the company, valued at $3,458,804. This represents a 11.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Marcus Stock Down 0.9%

Marcus stock traded down $0.15 during mid-day trading on Tuesday, reaching $16.62. The stock had a trading volume of 108,019 shares, compared to its average volume of 150,914. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 0.40. Marcus Corporation has a fifty-two week low of $12.85 and a fifty-two week high of $18.80. The stock’s 50-day simple moving average is $15.87 and its 200-day simple moving average is $15.37. The firm has a market capitalization of $510.40 million, a PE ratio of 41.55, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.13). Marcus had a return on equity of 0.46% and a net margin of 1.67%.The business had revenue of $193.50 million for the quarter, compared to analyst estimates of $185.19 million. On average, sell-side analysts forecast that Marcus Corporation will post 0.36 EPS for the current fiscal year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.9%. Marcus’s dividend payout ratio is currently 80.00%.

Analyst Ratings Changes

MCS has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Zacks Research cut Marcus from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Barrington Research restated an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Marcus has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Hedge Funds Weigh In On Marcus

Several hedge funds have recently bought and sold shares of the company. Navalign LLC bought a new stake in shares of Marcus during the 4th quarter worth $33,000. Russell Investments Group Ltd. raised its holdings in shares of Marcus by 550.6% during the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after acquiring an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Marcus by 60.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after purchasing an additional 937 shares during the period. State of Alaska Department of Revenue lifted its holdings in Marcus by 656.0% in the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock worth $88,000 after buying an additional 4,999 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in Marcus by 67.6% during the 4th quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after acquiring an additional 4,076 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.