Marcus Corp (MCS) Files Form 4 Insider Selling : Philip L Milstein Sells 4,000 Shares

Marcus Corp (MCS): Philip L Milstein , director of Marcus Corp sold 4,000 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $24.29 per share for a total value of $97,156.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 22, 2016, Douglas A Neis (CFO and Treasurer) sold 2,500 shares at $22.97 per share price.On Aug 19, 2016, Thomas F Kissinger (Sr Exec VP, Gen Counsel & Secy) sold 1,500 shares at $23.05 per share price.Also, On May 12, 2016, Philip L Milstein (director) sold 33,500 shares at $20.15 per share price.

Marcus Corp: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Marcus Corp which led to swings in the share price. The shares opened for trading at $23.92 and hit $24.45 on the upside , eventually ending the session at $24.45, with a gain of 2.69% or 0.64 points. The heightened volatility saw the trading volume jump to 62,814 shares. The 52-week high of the share price is $24.12 and the company has a market cap of $674 M . The 52-week low of the share price is at $17.44.

Marcus Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Marcus Corp is Reiterated by The Benchmark Company to Buy and the brokerage firm has raised the Price Target to $ 26.11 from a previous price target of $25.24 .The Rating was issued on Jul 29, 2016.

The Marcus Corporation owns and operates movie theatres and hotels and resorts. The Company operates through two business segments: movie theatres and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin Illinois Iowa Minnesota Nebraska North Dakota and Ohio including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it. It also operates a family entertainment center Funset Boulevard. Its hotels and resorts operations include owned and operated hotels and resorts which include the Pfister Hotel the Hilton Milwaukee City Center Hilton Madison at Monona Terrace the Grand Geneva Resort & Spa Hotel Phillips InterContinental Milwaukee Skirvin Hilton AC Hotel Chicago Downtown and the Cornhusker a Marriott Hotel. The Company’s owned and operated hotels and resorts are located in Wisconsin Illinois Missouri Nebraska and Oklahoma.

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