California State Teachers Retirement System raised its stake in shares of Marcus Corp. (NYSE:MCS) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 39,016 shares of the company’s stock after buying an additional 162 shares during the period. California State Teachers Retirement System owned about 0.14% of Marcus Corp. worth $823,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock valued at $123,000 after buying an additional 3,100 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Marcus Corp. during the first quarter valued at $174,000. Bank of Montreal Can purchased a new position in Marcus Corp. during the second quarter valued at $251,000. Spark Investment Management LLC purchased a new position in Marcus Corp. during the first quarter valued at $341,000. Finally, MSI Financial Services Inc raised its position in Marcus Corp. by 340.5% in the second quarter. MSI Financial Services Inc now owns 21,138 shares of the company’s stock valued at $446,000 after buying an additional 16,339 shares during the last quarter. 55.93% of the stock is currently owned by institutional investors.
Marcus Corp. (NYSE:MCS) traded up 0.48% during mid-day trading on Friday, hitting $25.04. 53,649 shares of the stock were exchanged. The stock has a 50 day moving average price of $23.69 and a 200 day moving average price of $21.10. Marcus Corp. has a 1-year low of $17.44 and a 1-year high of $25.30. The company has a market capitalization of $690.08 million, a PE ratio of 16.28 and a beta of 0.60.
Marcus Corp. (NYSE:MCS) last released its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The company earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. Marcus Corp.’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. On average, equities analysts anticipate that Marcus Corp. will post $1.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were given a $0.1125 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.80%. Marcus Corp.’s payout ratio is 36.00%.
A number of research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $25.50 price target on shares of Marcus Corp. in a research note on Monday, July 25th. Benchmark Co. lifted their price target on shares of Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research raised shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, September 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $29.30.
In related news, VP Thomas F. Kissinger sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $23.05, for a total value of $34,575.00. Following the completion of the sale, the vice president now owns 47,254 shares in the company, valued at approximately $1,089,204.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip L. Milstein sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $24.29, for a total value of $97,160.00. Following the completion of the sale, the director now owns 80,213 shares of the company’s stock, valued at approximately $1,948,373.77. The disclosure for this sale can be found here. 33.75% of the stock is owned by corporate insiders.
Marcus Corp. Company Profile
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.
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