Acrospire Investment Management LLC raised its stake in Marcus Corporation (The) (NYSE:MCS) by 266.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,303 shares of the company’s stock after acquiring an additional 2,401 shares during the quarter. Acrospire Investment Management LLC’s holdings in Marcus Corporation (The) were worth $100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its holdings 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 acquiring an additional 2,905 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Marcus Corporation (The) by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 3,764 shares of the company’s stock worth $113,000 after acquiring an additional 1,674 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Marcus Corporation (The) by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,470 shares of the company’s stock worth $135,000 after acquiring an additional 210 shares during the last quarter. Mason Street Advisors LLC raised its holdings 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 worth $142,000 after acquiring an additional 290 shares during the last quarter. Finally, First Quadrant L P CA acquired a new position in shares of Marcus Corporation (The) in the second quarter worth $144,000. 59.49% of the stock is owned by institutional investors.

MCS has been the subject of a number of recent analyst reports. ValuEngine raised Marcus Corporation (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Marcus Corporation (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. B. Riley reaffirmed a “buy” rating and issued a $38.00 price objective (down previously from $42.00) on shares of Marcus Corporation (The) in a research report on Wednesday, July 19th. Barrington Research lowered their price objective on Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Finally, TheStreet downgraded Marcus Corporation (The) from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $37.45.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/09/22/acrospire-investment-management-llc-raises-position-in-marcus-corporation-the-mcs.html.

Shares of Marcus Corporation (NYSE MCS) opened at 26.90 on Friday. The stock has a 50 day moving average price of $25.55 and a 200-day moving average price of $29.94. Marcus Corporation has a 12 month low of $23.28 and a 12 month high of $34.90. The stock has a market cap of $748.33 million, a P/E ratio of 17.81 and a beta of 0.66.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a $0.125 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. Marcus Corporation (The)’s payout ratio is currently 33.11%.

Marcus Corporation (The) Profile

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.

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).

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

Receive News & Ratings for Marcus Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.