Dalton Greiner Hartman Maher & Co. Boosts Position in Marcus Corp. (MCS)
Dalton Greiner Hartman Maher & Co. boosted its position in shares of Marcus Corp. (NYSE:MCS) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 67,339 shares of the company’s stock after buying an additional 1,264 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.24% of Marcus Corp. worth $1,686,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MCS. BlackRock Fund Advisors increased its position in Marcus Corp. by 3.1% in the second quarter. BlackRock Fund Advisors now owns 1,236,740 shares of the company’s stock worth $26,095,000 after buying an additional 37,506 shares in the last quarter. Vanguard Group Inc. increased its position in Marcus Corp. by 12.6% in the second quarter. Vanguard Group Inc. now owns 898,738 shares of the company’s stock worth $18,965,000 after buying an additional 100,457 shares in the last quarter. LSV Asset Management increased its position in Marcus Corp. by 22.2% in the second quarter. LSV Asset Management now owns 525,640 shares of the company’s stock worth $11,091,000 after buying an additional 95,353 shares in the last quarter. Ameriprise Financial Inc. increased its position in Marcus Corp. by 9.0% in the second quarter. Ameriprise Financial Inc. now owns 378,989 shares of the company’s stock worth $7,997,000 after buying an additional 31,347 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in Marcus Corp. by 5.9% in the second quarter. Panagora Asset Management Inc. now owns 150,217 shares of the company’s stock worth $3,170,000 after buying an additional 8,335 shares in the last quarter. Hedge funds and other institutional investors own 57.16% of the company’s stock.
Marcus Corp. (NYSE:MCS) traded down 2.44% during mid-day trading on Wednesday, hitting $30.00. The stock had a trading volume of 115,527 shares. Marcus Corp. has a one year low of $17.44 and a one year high of $31.15. The firm’s 50-day moving average price is $26.99 and its 200 day moving average price is $23.36. The company has a market cap of $828.93 million, a PE ratio of 18.05 and a beta of 0.39.
Marcus Corp. (NYSE:MCS) last announced its earnings results on Thursday, October 27th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The business earned $144.70 million during the quarter, compared to the consensus estimate of $526.63 million. Marcus Corp. had a return on equity of 9.20% and a net margin of 6.55%. Marcus Corp.’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that Marcus Corp. will post $1.32 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, November 28th will be paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, November 23rd. Marcus Corp.’s payout ratio is 36.59%.
A number of research analysts have recently commented on MCS shares. Zacks Investment Research upgraded Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, September 28th. B. Riley restated a “buy” rating and issued a $31.00 price target on shares of Marcus Corp. in a research report on Wednesday, October 26th. Finally, Benchmark Co. raised their price target on Marcus Corp. from $26.11 to $28.19 and gave the stock a “buy” rating in a research report on Monday, September 26th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Marcus Corp. has a consensus rating of “Buy” and a consensus target price of $30.17.
In related news, 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 transaction of $97,160.00. Following the completion of the sale, the director now directly owns 80,213 shares in the company, valued at $1,948,373.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas F. Kissinger sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $31.00, for a total value of $31,000.00. Following the sale, the vice president now owns 58,413 shares of the company’s stock, valued at $1,810,803. The disclosure for this sale can be found here. Insiders own 33.75% of the company’s stock.
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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