Marcus (NYSE:MCS) Insider Sells $146,055.84 in Stock

Marcus Corporation (The) (NYSE:MCS) insider Michael Reade Evans sold 7,671 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total transaction of $146,055.84. Following the completion of the transaction, the insider owned 45,801 shares of the company’s stock, valued at $872,051.04. This trade represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Michael Reade Evans also recently made the following trade(s):

• On Friday, March 20th, Michael Reade Evans sold 37 shares of Marcus stock. The stock was sold at an average price of $15.94, for a total transaction of $589.78.

Marcus Stock Down 0.1%

Shares of NYSE:MCS opened at $19.81 on Monday. Marcus Corporation has a 52-week low of $12.85 and a 52-week high of $20.02. The firm has a fifty day moving average of $16.98 and a 200 day moving average of $15.72. The firm has a market capitalization of $609.66 million, a PE ratio of 49.52, a price-to-earnings-growth ratio of 2.59 and a beta of 0.55. 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 (NYSE:MCS) last announced its earnings results on Thursday, February 26th. The company reported ($0.06) earnings per share (EPS) 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 company had revenue of $193.50 million during the quarter, compared to analysts’ expectations of $185.19 million. As a group, research analysts anticipate that Marcus Corporation will post 0.36 EPS for the current fiscal year.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.6%. Marcus’s dividend payout ratio (DPR) is 80.00%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its holdings in shares of Marcus by 49.2% in the fourth quarter. Hsbc Holdings PLC now owns 60,497 shares of the company’s stock worth $935,000 after purchasing an additional 19,947 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Marcus in the fourth quarter worth approximately $227,000. Balyasny Asset Management L.P. bought a new position in shares of Marcus in the fourth quarter worth approximately $170,000. PDT Partners LLC bought a new position in shares of Marcus in the fourth quarter worth approximately $314,000. Finally, AQR Capital Management LLC grew its holdings in shares of Marcus by 8.7% in the fourth quarter. AQR Capital Management LLC now owns 136,589 shares of the company’s stock worth $2,118,000 after purchasing an additional 10,943 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on MCS. Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Zacks Research raised shares of Marcus from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Barrington Research reissued an “outperform” rating and set a $24.00 price target on shares of Marcus in a research note on Monday, March 2nd. Finally, B. Riley Financial reissued a “buy” rating on shares of Marcus in a research note on Friday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.