A Director at Marcus (NYSE: MCS) is Selling Shares

By Carrie Williams

Yesterday, a Director at Marcus (MCSResearch Report), Diane Gershowitz, sold shares of MCS for $3.24M.

In addition to Diane Gershowitz, 4 other MCS executives reported Sell trades in the last month.

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The company has a one-year high of $24.71 and a one-year low of $6.84. Currently, Marcus has an average volume of 343.03K. MCS’s market cap is $634 million and the company has a P/E ratio of -4.80.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $24.67, reflecting a -18.2% downside.

In the last 30 days, insiders have sold $5.26M worth of MCS shares and purchased $1.57M worth of MCS shares. The insider sentiment on Marcus has been negative according to 41 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Marcus Corp. engages in operating movie theatres, hotels, and resorts. It operates through the following business segments: Theatres and Hotels & Resorts. The Theatres segment includes multiscreen motion picture theatres and a family entertainment center. The Hotels & Resorts segment owns and operates full service hotels and resorts. The company was founded by Ben Marcus on November 1, 1935 and is headquartered in Milwaukee, WI.