|May 15, 2014|
|09:04 EDT||MCS||Marcus to assume management of Heidel House Resort & Spa|
Marcus Hotels & Resorts, a division of The Marcus Corporation, announced it has entered into an agreement to assume hotel management responsibilities of Heidel House Resort & Spa in Green Lake, Wis. effective May 14. The property is owned by the Fiore Companies, Inc. based in Madison, Wis.
News For MCS From The Last 14 Days
|April 21, 2015|
|07:11 EDT||MCS||Barrington to host meetings at CinemaCon|
Barrington-hosted Company Meetings at CinemaCon are being held in Las Vegas on April 21.
|April 16, 2015|
|13:18 EDT||MCS||Marcus increases quarterly dividend by 10.5% to 10.5c|
Marcus board declared a regular quarterly cash dividend of 10.5c per share of common stock, a 10.5% increase from the prior dividend rate of 9.5c per share of common stock. The first dividend at the new rate will be paid May 15, 2015 to shareholders of record on April 27, 2015.
|April 13, 2015|
|10:00 EDT||MCS||On The Fly: Analyst Downgrade Summary|
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|09:01 EDT||MCS||Marcus downgraded to Neutral from Buy at B. Riley|
B. Riley downgraded Marcus to Neutral and lowered its price target to $22.75 from $25. The firm said exhibitors have rallied through the strong Q1 box office and valuations are pricing in a perfect 2015 and 2016. B. Riley adjusted 2016 estimates due to continued film slate uncertainties and said industry weakness has historically been more of a driver of multiples than individual performance.