Baker Ellis Asset Management LLC decreased its stake in Marcus Corp. (NYSE:MCS) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,450 shares of the company’s stock after selling 100 shares during the period. Baker Ellis Asset Management LLC’s holdings in Marcus Corp. were worth $600,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Savant Capital LLC boosted 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 worth $757,000 after buying an additional 479 shares during the period. Bank of Montreal Can purchased a new stake in shares of Marcus Corp. during the second quarter worth approximately $251,000. MSI Financial Services Inc boosted 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 worth $446,000 after buying an additional 16,339 shares during the period. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Marcus Corp. during the second quarter worth approximately $1,394,000. Finally, BNP Paribas Arbitrage SA boosted 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 worth $123,000 after buying an additional 3,100 shares during the period. 55.93% of the stock is owned by institutional investors and hedge funds.
Shares of Marcus Corp. (NYSE:MCS) traded up 0.76% on Thursday, hitting $25.24. The company had a trading volume of 23,370 shares. The firm’s 50 day moving average price is $23.89 and its 200-day moving average price is $21.24. The stock has a market capitalization of $695.59 million, a PE ratio of 16.41 and a beta of 0.66. Marcus Corp. has a 52 week low of $17.44 and a 52 week high of $25.49.
Marcus Corp. (NYSE:MCS) last issued its quarterly earnings data 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. The firm earned $134 million during the quarter, compared to analyst estimates of $129.43 million. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Analysts forecast that Marcus Corp. will post $1.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were given a dividend of $0.1125 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.78%. Marcus Corp.’s payout ratio is 36.00%.
A number of brokerages have commented on MCS. B. Riley reissued a “buy” rating and issued a $25.50 price objective on shares of Marcus Corp. in a research note on Thursday, August 4th. Zacks Investment Research raised Marcus Corp. from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, June 29th. Finally, Benchmark Co. raised their price objective on Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.30.
In related news, Director Philip L. Milstein sold 4,000 shares of Marcus Corp. stock in a transaction dated 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 transaction, the director now owns 80,213 shares in the company, valued at $1,948,373.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Douglas A. Neis sold 2,500 shares of Marcus Corp. stock in a transaction dated 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 owns 51,002 shares of the company’s stock, valued at approximately $1,171,515.94. The disclosure for this sale can be found here. Insiders own 33.75% of the company’s stock.
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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