EAM Global Investors LLC Lowers Holdings in Marcus Corp (MCS)
EAM Global Investors LLC cut its position in Marcus Corp (NYSE:MCS) by 41.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,052 shares of the company’s stock after selling 15,435 shares during the quarter. EAM Global Investors LLC’s holdings in Marcus were worth $883,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of MCS. Huntington National Bank raised its stake in shares of Marcus by 97,900.0% in the fourth quarter. Huntington National Bank now owns 980 shares of the company’s stock valued at $39,000 after buying an additional 979 shares during the period. Quantamental Technologies LLC bought a new stake in shares of Marcus in the fourth quarter valued at $67,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Marcus by 147.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,158 shares of the company’s stock valued at $86,000 after buying an additional 1,287 shares during the period. LS Investment Advisors LLC raised its stake in shares of Marcus by 430.8% in the fourth quarter. LS Investment Advisors LLC now owns 3,121 shares of the company’s stock valued at $123,000 after buying an additional 2,533 shares during the period. Finally, Strs Ohio bought a new stake in shares of Marcus in the fourth quarter valued at $165,000. Hedge funds and other institutional investors own 64.91% of the company’s stock.
Several analysts have issued reports on the company. Benchmark boosted their target price on Marcus to $45.00 and gave the company a “buy” rating in a research note on Friday, February 22nd. Barrington Research reiterated a “buy” rating and set a $49.00 price objective on shares of Marcus in a research note on Thursday, February 21st. Zacks Investment Research upgraded Marcus from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, April 25th. B. Riley upgraded Marcus from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $41.00 to $46.00 in a research note on Friday, April 26th. Finally, ValuEngine lowered Marcus from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Marcus has an average rating of “Buy” and a consensus target price of $45.75.
Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Marcus had a return on equity of 9.97% and a net margin of 6.41%. The company had revenue of $170.04 million for the quarter, compared to analyst estimates of $171.20 million. Research analysts forecast that Marcus Corp will post 1.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Friday, May 24th. Marcus’s payout ratio is 32.99%.
In other news, Director Diane M. Gershowitz sold 13,491 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $41.50, for a total value of $559,876.50. Following the completion of the transaction, the director now directly owns 207,955 shares in the company, valued at approximately $8,630,132.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane M. Gershowitz sold 4,418 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $40.00, for a total value of $176,720.00. Following the completion of the transaction, the director now owns 207,955 shares of the company’s stock, valued at $8,318,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,072 shares of company stock valued at $6,698,029. 29.04% of the stock is owned by company insiders.
Marcus Company Profile
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.
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