Morgan Dempsey Capital Management LLC decreased its stake in shares of Marcus Corp. (NYSE:MCS) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 629,333 shares of the company’s stock after selling 16,479 shares during the period. Marcus Corp. accounts for about 4.5% of Morgan Dempsey Capital Management LLC’s holdings, making the stock its 2nd largest position. Morgan Dempsey Capital Management LLC’s holdings in Marcus Corp. were worth $13,279,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Savant Capital LLC increased its stake in shares of Marcus Corp. by 1.4% in the second quarter. Savant Capital LLC now owns 35,900 shares of the company’s stock valued at $757,000 after buying an additional 479 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Marcus Corp. during the second quarter valued at $251,000. MSI Financial Services Inc increased its stake in shares of 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. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of Marcus Corp. during the second quarter valued at $1,394,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of 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. 55.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Marcus Corp. (NYSE:MCS) traded down 0.44% during trading on Wednesday, hitting $25.05. The company had a trading volume of 27,005 shares. The stock has a market cap of $690.35 million, a PE ratio of 16.29 and a beta of 0.66. The firm has a 50 day moving average of $23.83 and a 200 day moving average of $21.21. Marcus Corp. has a 12-month low of $17.44 and a 12-month high of $25.49.
Marcus Corp. (NYSE:MCS) last announced its earnings results on Thursday, July 28th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $134 million for 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 revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. On average, analysts forecast that Marcus Corp. will post $1.14 earnings per share for the current fiscal year.
The firm 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. This represents a $0.45 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, August 23rd. Marcus Corp.’s payout ratio is currently 36.00%.
Several equities analysts have recently issued reports on MCS shares. Benchmark Co. lifted their price target on Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a research report on Monday, September 26th. Zacks Investment Research upgraded Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, September 14th. Finally, B. Riley reiterated a “buy” rating and set a $30.00 price target on shares of Marcus Corp. in a research report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.30.
In other 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 transaction, the vice president now directly owns 47,254 shares of the company’s stock, valued at approximately $1,089,204.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas A. Neis sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was 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 directly owns 51,002 shares in the company, valued at $1,171,515.94. The disclosure for this sale can be found here. 33.75% of the stock is owned by 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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