Alliancebernstein L.P. maintained its stake in shares of Marcus Corporation (The) (NYSE:MCS) during the first quarter, Holdings Channel reports. The institutional investor owned 19,800 shares of the company’s stock at the end of the first quarter. Alliancebernstein L.P.’s holdings in Marcus Corporation (The) were worth $636,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. LS Investment Advisors LLC increased its stake 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 valued at $113,000 after buying an additional 2,905 shares in the last quarter. Thompson Davis & CO. Inc. increased its stake in shares of Marcus Corporation (The) by 238.6% in the first quarter. Thompson Davis & CO. Inc. now owns 3,802 shares of the company’s stock valued at $122,000 after buying an additional 2,679 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Marcus Corporation (The) by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,427 shares of the company’s stock valued at $142,000 after buying an additional 290 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Marcus Corporation (The) during the first quarter valued at approximately $173,000. Finally, Advisors Preferred LLC purchased a new stake in shares of Marcus Corporation (The) during the first quarter valued at approximately $215,000. Institutional investors own 57.62% of the company’s stock.

Marcus Corporation (MCS) opened at 27.10 on Monday. The firm has a market cap of $771.97 million, a P/E ratio of 17.91 and a beta of 0.63. Marcus Corporation has a 1-year low of $22.05 and a 1-year high of $34.90. The firm’s 50-day moving average price is $30.00 and its 200-day moving average price is $31.20.

Marcus Corporation (The) (NYSE:MCS) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.03. Marcus Corporation (The) had a net margin of 7.18% and a return on equity of 10.78%. The firm had revenue of $152.80 million for the quarter, compared to analysts’ expectations of $158.43 million. During the same quarter in the previous year, the company earned $0.34 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Marcus Corporation will post $1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, August 23rd. Marcus Corporation (The)’s payout ratio is 33.11%.

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Several brokerages have recently commented on MCS. Zacks Investment Research downgraded Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. TheStreet downgraded Marcus Corporation (The) from a “b-” rating to a “c” rating in a research note on Thursday. B. Riley reiterated a “buy” rating and set a $38.00 price target on shares of Marcus Corporation (The) in a research note on Saturday, July 29th. Barrington Research cut their price target on Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Finally, Benchmark Co. reiterated a “buy” rating and set a $37.80 price target (up previously from $34.96) on shares of Marcus Corporation (The) in a research note on Saturday, April 29th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.45.

In other news, VP Thomas F. Kissinger sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $32.17, for a total transaction of $128,680.00. Following the sale, the vice president now owns 60,039 shares in the company, valued at $1,931,454.63. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Douglas A. Neis sold 3,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $33.83, for a total transaction of $101,490.00. Following the sale, the chief financial officer now owns 71,339 shares in the company, valued at approximately $2,413,398.37. The disclosure for this sale can be found here. Corporate 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.

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

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