Diversified Management Inc. Makes New $565,000 Investment in Marcus Corporation (The) $MCS

Diversified Management Inc. bought a new stake in shares of Marcus Corporation (The) (NYSE:MCS) during the 4th quarter, HoldingsChannel reports. The firm bought 36,425 shares of the company’s stock, valued at approximately $565,000.

A number of other large investors also recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of Marcus by 550.6% in the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock worth $35,000 after purchasing an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after purchasing an additional 937 shares in the last quarter. State of Alaska Department of Revenue grew its position in Marcus by 656.0% during the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after purchasing an additional 4,999 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Marcus in the 3rd quarter valued at approximately $173,000. Finally, Prelude Capital Management LLC purchased a new stake in Marcus in the 3rd quarter worth approximately $187,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Price Performance

Shares of MCS opened at $19.04 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $584.83 million, a PE ratio of 47.60, a PEG ratio of 2.62 and a beta of 0.55. The firm’s 50 day moving average price is $16.83 and its 200 day moving average price is $15.67. Marcus Corporation has a twelve month low of $12.85 and a twelve month high of $19.49.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, February 26th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.13). Marcus had a return on equity of 0.46% and a net margin of 1.67%.The business had revenue of $193.50 million during the quarter, compared to the consensus estimate of $185.19 million. As a group, research analysts expect that Marcus Corporation will post 0.36 EPS for the current fiscal year.

Marcus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Wednesday, February 25th were issued a $0.08 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.32 dividend on an annualized basis and a yield of 1.7%. Marcus’s dividend payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

MCS has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Barrington Research reissued an “outperform” rating and set a $24.00 price objective on shares of Marcus in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Marcus currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Insider Buying and Selling

In other Marcus news, VP Thomas F. Kissinger sold 25,000 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $17.32, for a total transaction of $433,000.00. Following the transaction, the vice president directly owned 199,700 shares of the company’s stock, valued at $3,458,804. This represents a 11.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 10.40% of the stock is owned by insiders.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.