Advisor Group Inc. Has $146,000 Holdings in Marcus Corporation (The) (MCS)
Advisor Group Inc. cut its stake in shares of Marcus Corporation (The) (NYSE:MCS) by 69.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,277 shares of the company’s stock after selling 11,893 shares during the quarter. Advisor Group Inc.’s holdings in Marcus were worth $146,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its holdings in shares of Marcus by 266.2% during the second quarter. Acrospire Investment Management LLC now owns 3,303 shares of the company’s stock valued at $100,000 after acquiring an additional 2,401 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Marcus by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 3,764 shares of the company’s stock valued at $113,000 after buying an additional 1,674 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Marcus by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,470 shares of the company’s stock valued at $135,000 after buying an additional 210 shares during the last quarter. First Quadrant L P CA bought a new position in shares of Marcus in the second quarter valued at about $144,000. Finally, Stifel Financial Corp bought a new position in shares of Marcus in the second quarter valued at about $211,000. 59.98% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on MCS shares. ValuEngine cut Marcus from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut Marcus from a “hold” rating to a “sell” rating in a report on Friday, October 20th. B. Riley reaffirmed a “buy” rating and issued a $36.00 price target on shares of Marcus in a report on Friday, October 27th. Benchmark reaffirmed a “buy” rating and issued a $34.00 price target (down from $37.00) on shares of Marcus in a report on Wednesday, October 4th. Finally, TheStreet raised Marcus from a “c” rating to a “b-” rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Marcus presently has a consensus rating of “Buy” and an average target price of $35.67.
Marcus Corporation (NYSE MCS) traded up $0.70 during trading on Friday, hitting $28.80. The company had a trading volume of 163,783 shares, compared to its average volume of 66,099. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.47 and a quick ratio of 0.47. Marcus Corporation has a fifty-two week low of $23.85 and a fifty-two week high of $34.90. The company has a market capitalization of $782.25, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.23 and a beta of 0.72.
Marcus (NYSE:MCS) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $153.82 million during the quarter, compared to analysts’ expectations of $153.91 million. Marcus had a return on equity of 9.73% and a net margin of 6.51%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. equities analysts predict that Marcus Corporation will post 1.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.50 annualized dividend and a yield of 1.74%. Marcus’s dividend payout ratio is currently 35.97%.
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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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