Marcus Corp (NYSE:MCS) Director Sells $464,620.05 in Stock

Marcus Corp (NYSE:MCS) Director Diane M. Gershowitz sold 11,601 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $40.05, for a total transaction of $464,620.05. Following the transaction, the director now owns 207,955 shares in the company, valued at $8,328,597.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Marcus stock traded down $0.78 during midday trading on Friday, reaching $39.72. The company’s stock had a trading volume of 107,844 shares, compared to its average volume of 128,971. Marcus Corp has a fifty-two week low of $29.45 and a fifty-two week high of $45.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $1.23 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69.

Marcus (NYSE:MCS) last released its earnings results on Thursday, February 21st. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Marcus had a return on equity of 11.96% and a net margin of 7.55%. The company had revenue of $175.03 million during the quarter, compared to the consensus estimate of $175.00 million. Sell-side analysts predict that Marcus Corp will post 1.74 EPS for the current year.

Several brokerages recently weighed in on MCS. Zacks Investment Research downgraded Marcus from a “buy” rating to a “hold” rating in a report on Friday, December 28th. Benchmark increased their price target on Marcus to $45.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. B. Riley set a $41.00 price target on Marcus and gave the stock a “hold” rating in a report on Saturday, February 2nd. Finally, Barrington Research reaffirmed a “buy” rating and set a $49.00 price target on shares of Marcus in a report on Thursday, February 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $45.75.

Several hedge funds have recently made changes to their positions in MCS. Bank of New York Mellon Corp grew its stake in Marcus by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 348,595 shares of the company’s stock valued at $11,329,000 after acquiring an additional 8,841 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Marcus during the third quarter valued at $436,000. Wells Fargo & Company MN grew its stake in Marcus by 9.9% during the third quarter. Wells Fargo & Company MN now owns 31,311 shares of the company’s stock valued at $1,316,000 after acquiring an additional 2,833 shares in the last quarter. SG Americas Securities LLC grew its stake in Marcus by 354.8% during the third quarter. SG Americas Securities LLC now owns 36,140 shares of the company’s stock valued at $1,520,000 after acquiring an additional 28,194 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Marcus by 228.7% during the third quarter. Prudential Financial Inc. now owns 129,973 shares of the company’s stock valued at $5,466,000 after acquiring an additional 90,432 shares in the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

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Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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