Savant Capital LLC boosted its position in Marcus Corp (NYSE:MCS) by 1.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,245 shares of the company’s stock after purchasing an additional 806 shares during the quarter. Savant Capital LLC owned about 0.16% of Marcus worth $1,972,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake in shares of Marcus by 27.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 75,706 shares of the company’s stock valued at $3,032,000 after buying an additional 16,098 shares during the period. Rhumbline Advisers boosted its position in shares of Marcus by 4.8% during the 1st quarter. Rhumbline Advisers now owns 62,341 shares of the company’s stock valued at $2,497,000 after purchasing an additional 2,827 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Marcus by 7.9% during the 1st quarter. Arizona State Retirement System now owns 33,223 shares of the company’s stock valued at $1,331,000 after purchasing an additional 2,443 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Marcus by 147.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,158 shares of the company’s stock valued at $86,000 after purchasing an additional 1,287 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Marcus by 252.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,190 shares of the company’s stock valued at $168,000 after purchasing an additional 3,001 shares in the last quarter. Institutional investors and hedge funds own 64.91% of the company’s stock.
Several brokerages have issued reports on MCS. ValuEngine lowered Marcus from a “buy” rating to a “hold” rating in a report on Friday, May 17th. B. Riley upgraded Marcus from a “neutral” rating to a “buy” rating and increased their price target for the stock from $41.00 to $46.00 in a report on Friday, April 26th. Zacks Investment Research upgraded Marcus from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Thursday, April 25th. Benchmark increased their price objective on Marcus to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 22nd. Finally, Barrington Research reissued a “buy” rating and issued a $49.00 price objective on shares of Marcus in a research note on Thursday, February 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Marcus has a consensus rating of “Buy” and a consensus target price of $45.75.
In other news, Director Diane M. Gershowitz sold 28,907 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $40.16, for a total value of $1,160,905.12. Following the completion of the transaction, the director now directly owns 207,955 shares of the company’s stock, valued at $8,351,472.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane M. Gershowitz sold 21,542 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $40.26, for a total value of $867,280.92. Following the completion of the transaction, the director now directly owns 207,955 shares of the company’s stock, valued at $8,372,268.30. The disclosure for this sale can be found here. Insiders sold 165,072 shares of company stock valued at $6,698,029 over the last three months. Company insiders own 29.04% of the company’s stock.
Shares of MCS traded down $0.67 on Wednesday, reaching $34.93. 185,041 shares of the company’s stock traded hands, compared to its average volume of 211,423. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. Marcus Corp has a 52-week low of $30.90 and a 52-week high of $45.82. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.26 and a beta of 0.64.
Marcus (NYSE:MCS) last released its earnings results on Thursday, April 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. Marcus had a return on equity of 9.97% and a net margin of 6.41%. The business had revenue of $170.04 million during the quarter, compared to the consensus estimate of $171.20 million. As a group, equities research analysts predict that Marcus Corp will post 1.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, May 24th. Marcus’s dividend payout ratio is currently 32.99%.
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Marcus Company Profile
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.
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