Thomas Kissinger Sells 25,000 Shares of Marcus (NYSE:MCS) Stock

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

Marcus Trading Down 2.7%

Shares of NYSE:MCS opened at $16.16 on Thursday. The company has a market cap of $496.30 million, a P/E ratio of 40.40, a PEG ratio of 2.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.40 and a quick ratio of 0.40. Marcus Corporation has a 1 year low of $12.85 and a 1 year high of $18.80. The stock’s fifty day moving average price is $15.88 and its 200-day moving average price is $15.37.

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

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 25th. Marcus’s dividend payout ratio (DPR) is presently 80.00%.

Institutional Investors Weigh In On Marcus

A number of large investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new position in shares of Marcus in the 4th quarter worth approximately $227,000. Balyasny Asset Management L.P. bought a new stake in Marcus during the fourth quarter valued at approximately $170,000. PDT Partners LLC bought a new stake in Marcus during the fourth quarter valued at approximately $314,000. AQR Capital Management LLC increased its holdings in Marcus by 8.7% during the fourth quarter. AQR Capital Management LLC now owns 136,589 shares of the company’s stock valued at $2,118,000 after buying an additional 10,943 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in Marcus by 112.3% during the fourth quarter. Trexquant Investment LP now owns 105,680 shares of the company’s stock valued at $1,639,000 after buying an additional 55,911 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Zacks Research downgraded shares of Marcus from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Barrington Research reiterated an “outperform” rating and set a $24.00 target price on shares of Marcus in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Marcus presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

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.