Marcus Corporation (The) (MCS) Position Lowered by Texas Permanent School Fund

Texas Permanent School Fund decreased its position in shares of Marcus Corporation (The) (NYSE:MCS) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 13,707 shares of the company’s stock after selling 102 shares during the period. Texas Permanent School Fund’s holdings in Marcus Corporation (The) were worth $440,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC boosted its position in shares of Marcus Corporation (The) by 473.9% in the first quarter. LS Investment Advisors LLC now owns 3,518 shares of the company’s stock worth $113,000 after buying an additional 2,905 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of Marcus Corporation (The) during the first quarter worth about $215,000. Louisiana State Employees Retirement System boosted its position in shares of Marcus Corporation (The) by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the company’s stock worth $247,000 after buying an additional 100 shares in the last quarter. CAPROCK Group Inc. purchased a new position in shares of Marcus Corporation (The) during the first quarter worth about $248,000. Finally, Tudor Investment Corp Et Al purchased a new position in shares of Marcus Corporation (The) during the fourth quarter worth about $259,000. Hedge funds and other institutional investors own 58.43% of the company’s stock.

Institutional Ownership by Quarter for Marcus Corporation (The) (NYSE:MCS)

Marcus Corporation (NYSE:MCS) opened at 32.85 on Tuesday. The firm has a 50-day moving average of $32.85 and a 200-day moving average of $31.60. The company has a market cap of $912.24 million, a price-to-earnings ratio of 22.03 and a beta of 0.63. Marcus Corporation has a 52 week low of $19.66 and a 52 week high of $34.90.

Marcus Corporation (The) (NYSE:MCS) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Marcus Corporation (The) had a net margin of 7.27% and a return on equity of 10.83%. The business had revenue of $158 million during the quarter, compared to the consensus estimate of $155.25 million. During the same quarter last year, the firm posted $0.20 EPS. Marcus Corporation (The)’s revenue was up 26.0% compared to the same quarter last year. Equities analysts forecast that Marcus Corporation will post $1.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, May 25th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, May 23rd. Marcus Corporation (The)’s payout ratio is currently 33.56%.

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A number of research analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $39.00 price objective on shares of Marcus Corporation (The) in a report on Wednesday, March 1st. TheStreet upgraded shares of Marcus Corporation (The) from a “c” rating to a “b-” rating in a report on Thursday, February 23rd. Benchmark Co. restated a “buy” rating and set a $37.80 price objective (up previously from $34.96) on shares of Marcus Corporation (The) in a report on Saturday, April 29th. Zacks Investment Research upgraded shares of Marcus Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Tuesday, February 28th. Finally, ValuEngine upgraded shares of Marcus Corporation (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $38.93.

In other news, VP Thomas F. Kissinger sold 4,000 shares of Marcus Corporation (The) stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $32.17, for a total transaction of $128,680.00. Following the sale, the vice president now directly owns 60,039 shares in the company, valued at approximately $1,931,454.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas A. Neis sold 3,000 shares of Marcus Corporation (The) stock in a transaction on Monday, June 5th. The stock was sold at an average price of $33.83, for a total value of $101,490.00. Following the sale, the chief financial officer now owns 71,339 shares in the company, valued at $2,413,398.37. The disclosure for this sale can be found here. Company insiders own 33.53% of the company’s stock.

About Marcus Corporation (The)

The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MCS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding MCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marcus Corporation (The) (NYSE:MCS).

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