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Gregory S. Marcus, President and CEO of Marcus Corp (NYSE:MCS), recently disclosed stock transactions in a regulatory filing. The filing reported a transaction involving 21,758 shares of Class B Common Stock exchanged for Common Stock with Diane Marcus Gershowitz. This transaction comes at a time when Marcus Corp, currently valued at $539 million, has seen its stock decline by about 9% in the past week. According to InvestingPro analysis, the stock is trading near its Fair Value, with the RSI suggesting oversold territory. Following this transaction, Marcus holds 489,771 shares of Common Stock directly. Additionally, Marcus has indirect holdings, including 7,384 shares in a 401(k) plan and 75 shares as a custodian. The filing also detailed various stock options granted to Marcus over the years, reflecting a significant number of shares held indirectly. InvestingPro subscribers can access 8 additional key insights about Marcus Corp, including detailed analysis of its financial health (currently rated as FAIR) and comprehensive valuation metrics in the Pro Research Report.
In other recent news, Marcus Corporation reported its fourth-quarter earnings, which did not meet analyst expectations. The company posted earnings per share of $0.03, falling short of the consensus estimate of $0.06. However, revenue for the quarter was $188.3 million, surpassing analyst projections of $176.17 million and marking a 16.6% increase from the previous year. Marcus Theatres, the company’s movie theater division, experienced a 22.9% rise in revenues to $121.2 million, with attendance increasing by 29.1%. Despite these gains, average ticket prices decreased by 10.6% due to promotional pricing. The hotel division, Marcus Hotels & Resorts, saw a 5.4% increase in revenues, reaching $57.6 million, with a 3.6% growth in revenue per available room. For the full fiscal year 2024, Marcus Corporation reported a net loss of $7.8 million, attributed in part to debt conversion expenses. Management remains optimistic about future film releases, including titles like "Mission Impossible: The Final Reckoning" and "Avatar: Fire and Ash."
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