Insider Buying: Marcus Corp. Director Purchases 28,481 Shares of Stock (MCS)
Marcus Corp. (NYSE:MCS) Director Philip Milstein bought 28,481 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of $13.14 per share, with a total value of $374,240.34. Following the transaction, the director now directly owns 105,860 shares in the company, valued at approximately $1,391,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Marcus Corp. (NYSE:MCS) traded down 1.42% on Monday, hitting $14.53. 80,319 shares of the company’s stock traded hands. Marcus Corp. has a one year low of $10.27 and a one year high of $14.97. The stock’s 50-day moving average is $13.22 and its 200-day moving average is $12.89. The company has a market cap of $393.7 million and a price-to-earnings ratio of 19.92.
Marcus Corp. (NYSE:MCS) last posted its quarterly earnings results on Thursday, September 19th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.04. The company had revenue of $129.00 million for the quarter, compared to the consensus estimate of $128.13 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Marcus Corp. will post $0.80 earnings per share for the current fiscal year.
The Marcus Corporation is engaged in two segments: movie theatres, hotels and resorts. As of May 26, 2011, the Company’s theatre operations included 55 movie theatres with 684 screens throughout Wisconsin, Ohio, Illinois, Minnesota, North Dakota, Nebraska and Iowa, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties but managed by it.
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