Savant Capital LLC increased its position in Marcus Corp. (NYSE:MCS) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 35,900 shares of the company’s stock after buying an additional 479 shares during the period. Savant Capital LLC’s holdings in Marcus Corp. were worth $757,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in MCS. 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 worth $123,000 after buying an additional 3,100 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Marcus Corp. during the first quarter worth $174,000. Bank of Montreal Can acquired a new position in Marcus Corp. during the second quarter worth $251,000. Spark Investment Management LLC acquired a new position in Marcus Corp. during the first quarter worth $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 worth $446,000 after buying an additional 16,339 shares during the last quarter. Institutional investors own 55.93% of the company’s stock.
Shares of Marcus Corp. (NYSE:MCS) traded down 0.83% on Tuesday, reaching $25.16. The company’s stock had a trading volume of 29,298 shares. Marcus Corp. has a 52-week low of $17.44 and a 52-week high of $25.49. The firm’s 50 day moving average is $23.77 and its 200-day moving average is $21.17. The stock has a market cap of $693.38 million, a P/E ratio of 16.36 and a beta of 0.65.
Marcus Corp. (NYSE:MCS) last posted its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. The company had revenue of $134 million for the quarter, compared to analyst estimates of $129.43 million. During the same quarter last year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts forecast that Marcus Corp. will post $1.14 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were issued a $0.1125 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.79%. Marcus Corp.’s dividend payout ratio is presently 36.00%.
A number of research firms recently weighed in on MCS. Zacks Investment Research raised Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday, September 28th. Benchmark Co. boosted their target price on Marcus Corp. from $26.11 to $28.19 and gave the stock a “buy” rating in a report on Monday, September 26th. Finally, B. Riley reissued a “buy” rating and set a $30.00 target price on shares of Marcus Corp. in a report on Tuesday, August 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.30.
In other news, Director Philip L. Milstein sold 4,000 shares of the firm’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 transaction, the director now owns 80,213 shares in the company, valued at $1,948,373.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas A. Neis sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $22.97, for a total value of $57,425.00. Following the completion of the transaction, the chief financial officer now owns 51,002 shares in the company, valued at approximately $1,171,515.94. The disclosure for this sale can be found here. 33.75% of the stock is owned by insiders.
About Marcus Corp.
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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