Diane M. Gershowitz Sells 21,542 Shares of Marcus Corp (MCS) Stock

Marcus Corp (NYSE:MCS) Director Diane M. Gershowitz sold 21,542 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $40.26, for a total transaction of $867,280.92. Following the completion of the transaction, the director now directly owns 207,955 shares in the company, valued at approximately $8,372,268.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Marcus stock traded up $0.14 during mid-day trading on Friday, hitting $38.28. 190,203 shares of the stock were exchanged, compared to its average volume of 211,940. Marcus Corp has a 12 month low of $30.30 and a 12 month high of $45.82. The company has a quick ratio of 0.46, a current ratio of 0.39 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.16 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.36 and a beta of 0.65.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, April 25th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.07. Marcus had a net margin of 6.41% and a return on equity of 9.97%. The firm had revenue of $170.04 million for the quarter, compared to analysts’ expectations of $171.20 million. On average, equities analysts anticipate that Marcus Corp will post 1.85 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its stake in shares of Marcus by 97,900.0% during the 4th quarter. Huntington National Bank now owns 980 shares of the company’s stock worth $39,000 after purchasing an additional 979 shares during the last quarter. Private Capital Group LLC increased its stake in shares of Marcus by 56.7% during the 4th quarter. Private Capital Group LLC now owns 1,255 shares of the company’s stock worth $50,000 after purchasing an additional 454 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Marcus during the 4th quarter worth approximately $67,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Marcus by 147.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,158 shares of the company’s stock worth $86,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of Marcus during the 4th quarter worth approximately $105,000. 59.01% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on MCS shares. Barrington Research reaffirmed a “buy” rating and issued a $49.00 price target on shares of Marcus in a research report on Thursday, February 21st. Zacks Investment Research raised shares of Marcus from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Thursday, April 25th. B. Riley raised shares of Marcus from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $41.00 to $46.00 in a research report on Friday, April 26th. Finally, Benchmark lifted their target price on shares of Marcus to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Five research analysts have rated the stock with a buy rating, Marcus currently has a consensus rating of “Buy” and a consensus target price of $45.75.

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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.

Further Reading: Understanding Average Daily Trade Volume

Insider Buying and Selling by Quarter for Marcus (NYSE:MCS)

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