The Marcus Co. (NYSE:MCS - Get Free Report) VP Thomas F. Kissinger sold 8,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the transaction, the vice president now directly owns 186,585 shares of the company's stock, valued at $4,162,711.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Marcus Price Performance
Shares of Marcus stock opened at $22.00 on Friday. The firm has a market cap of $707.30 million, a PE ratio of -64.71, a PEG ratio of 7.60 and a beta of 1.48. The stock has a 50 day moving average of $16.04 and a 200 day moving average of $13.31. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38. The Marcus Co. has a 12 month low of $9.56 and a 12 month high of $22.62.
Marcus Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Monday, November 25th. Marcus's dividend payout ratio (DPR) is presently -82.35%.
Hedge Funds Weigh In On Marcus
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Institutional investors have recently bought and sold shares of the business. Innealta Capital LLC bought a new stake in shares of Marcus in the 2nd quarter worth about $30,000. nVerses Capital LLC purchased a new position in shares of Marcus during the third quarter valued at approximately $32,000. CWM LLC raised its holdings in shares of Marcus by 3,319.0% in the second quarter. CWM LLC now owns 2,872 shares of the company's stock worth $33,000 after buying an additional 2,788 shares during the period. GAMMA Investing LLC raised its holdings in shares of Marcus by 53.0% in the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company's stock worth $58,000 after buying an additional 1,336 shares during the period. Finally, Creative Planning bought a new stake in shares of Marcus during the 3rd quarter worth approximately $159,000. Institutional investors own 81.57% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MCS. Benchmark upped their price objective on Marcus from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Barrington Research reissued an "outperform" rating and issued a $20.00 price target on shares of Marcus in a report on Thursday, October 31st. Finally, StockNews.com raised shares of Marcus from a "hold" rating to a "buy" rating in a report on Tuesday.
Check Out Our Latest Research Report on Marcus
Marcus Company Profile
(
Get Free Report)
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.
Further Reading
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