Insider Selling: Bruce Olson Unloads 6,006 Shares of Marcus Corp. Stock (MCS)
Marcus Corp. (NYSE:MCS) Director Bruce Olson unloaded 6,006 shares of Marcus Corp. stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $14.50, for a total value of $87,087.00. Following the completion of the transaction, the director now directly owns 31,953 shares in the company, valued at approximately $463,319. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Marcus Corp. (NYSE:MCS) traded up 0.62% on Thursday, hitting $14.50. The stock had a trading volume of 129,185 shares. Marcus Corp. has a 1-year low of $10.27 and a 1-year high of $14.07. The stock has a 50-day moving average of $12.80 and a 200-day moving average of $12.71. The company has a market cap of $392.3 million and a P/E ratio of 19.50.
Marcus Corp. (NYSE:MCS) last released its earnings data 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 company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Tuesday, October 29th will be paid a dividend of $0.09 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.34%.
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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