Insider Filing On Watch: What after Thomas Kissinger’s Insider Sale of Marcus Corp (NYSE:MCS) Stock?

November 29, 2016 - By Ellis Scott

Insider Filing On Watch: What after Thomas Kissinger's Insider Sale of Marcus Corp (NYSE:MCS) Stock?

Thomas Kissinger Insider Sell

Sr Exec VP – Gen Counsel & Secy Thomas Kissinger of Marcus Corp, sold 1,000 of the public firm shares having a market value near $31,000 US Dollars with an average of $31.0 per share price. A document on hand for review here unveiled this trade activity. It was unveiled on 29-11-2016 and filled with D.C. based-SEC. At the moment, Thomas Kissinger owns 65,442 shares which are equivalent to about 0.24% of the company’s market cap (total dollar market value of all company’s outstanding shares).

Marcus Corp (NYSE:MCS) Ratings Coverage

Out of 3 analysts covering Marcus Corp (NYSE:MCS), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $27 is the highest target while $26 is the lowest. The $26.56 average target is -13.63% below today’s ($30.75) stock price. Marcus Corp has been the topic of 5 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, July 24 by B. Riley & Co. On Monday, August 24 the stock rating was maintained by B. Riley & Co with “Buy”. The firm has “Buy” rating by Gabelli given on Thursday, October 15. Benchmark maintained the shares of MCS in a report on Friday, July 29 with “Buy” rating.

Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.39, from 0.9 in 2016Q1. The ratio increased, as 7 funds sold all Marcus Corp shares owned while 41 reduced positions. 11 funds bought stakes while 32 increased positions. They now own 15.26 million shares or 0.37% less from 15.32 million shares in 2016Q1.

Macquarie Gru Ltd reported 64,800 shares or 0% of all its holdings. Johnson Financial Group Inc has 100 shares for 0% of their US portfolio. Moreover, River Road Asset Management Limited Liability Company has 0.18% invested in Marcus Corp (NYSE:MCS) for 406,875 shares. California Pub Employees Retirement System accumulated 0% or 50,000 shares. Principal Group Inc holds 133,074 shares or 0% of its portfolio. Teacher Retirement Sys Of Texas has 2,370 shares for 0% of their US portfolio. Dimensional Fund Advisors Ltd Partnership has 0.02% invested in the company for 1.61 million shares. Texas Permanent School Fund holds 0% of its portfolio in Marcus Corp (NYSE:MCS) for 14,365 shares. Manufacturers Life Insurance Co The accumulated 0% or 13,777 shares. Westwood Holdg Gru holds 0.09% of its portfolio in Marcus Corp (NYSE:MCS) for 468,499 shares. Moreover, Clarivest Asset Management Ltd Com has 0.02% invested in Marcus Corp (NYSE:MCS) for 29,266 shares. Brandywine Global Inv Ltd Co accumulated 11,130 shares or 0% of the stock. Pinebridge Invests L P owns 2,221 shares or 0% of their US portfolio. Citigroup last reported 0% of its portfolio in the stock. Martingale Asset Management Limited Partnership holds 21,128 shares or 0.01% of its portfolio.

Insider Transactions: Since August 17, 2016, the stock had 0 insider buys, and 3 sales for $189,147 net activity. MILSTEIN PHILIP L had sold 4,000 shares worth $97,156. KISSINGER THOMAS F also sold $34,578 worth of Marcus Corp (NYSE:MCS) on Wednesday, August 17. 2,500 Marcus Corp (NYSE:MCS) shares with value of $57,413 were sold by NEIS DOUGLAS A.

The stock closed at $30.75 during the last session. It is up 61.16% since April 26, 2016 and is uptrending. It has outperformed by 55.90% the S&P500.

The Marcus Corporation operates principally in two business divisions: Theatres, and Hotels and Resorts. The company has a market cap of $840.11 million. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. It has a 22.54 P/E ratio. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.

According to Zacks Investment Research, “The Marcus Corporation engages in the lodging and entertainment industries. It operates through two segments: Movie Theatres, and Hotels and Resorts. The Company’s movie theatre division owns or manages screens at locations in several states, as well as a family entertainment center. Marcus’ lodging division owns or manages hotels and resorts in several states, as well as a vacation club. It also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. The Marcus Corporation is headquartered in Milwaukee, Wisconsin.”

Analysts await Marcus Corp (NYSE:MCS) to report earnings on December, 15. MCS’s profit will be $7.92 million for 26.51 P/E if the $0.29 EPS becomes a reality. After $0.51 actual EPS reported by Marcus Corp for the previous quarter, Wall Street now forecasts -43.14% negative EPS growth.

More notable recent Marcus Corp (NYSE:MCS) news were published by: Biztimes.com which released: “Marcus Corp. to acquire St. Louis-based theater chain” on November 21, 2016, also Jsonline.com with their article: “Marcus Corp. posts 32% increase in earnings” published on October 27, 2016, Jsonline.com published: “C-Level: Replication is key to Marcus Corp. growth strategy” on September 24, 2016. More interesting news about Marcus Corp (NYSE:MCS) were released by: Bizjournals.com and their article: “Marcus Corp. plans to open SafeHouse at its downtown Chicago hotel” published on October 18, 2016 as well as Biztimes.com‘s news article titled: “Marcus Corp. planning second Safe House location in Chicago” with publication date: October 17, 2016.

MCS Company Profile

The Marcus Corporation, incorporated on August 13, 1992, operates principally in two business divisions: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.

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