First Trust Advisors LP increased its stake in Marcus Co. (NYSE:MCS) by 14.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,449 shares of the company’s stock after purchasing an additional 2,263 shares during the quarter. First Trust Advisors LP’s holdings in Marcus were worth $477,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Monarch Partners Asset Management LLC raised its holdings in Marcus by 49.9% in the 4th quarter. Monarch Partners Asset Management LLC now owns 15,215 shares of the company’s stock worth $416,000 after purchasing an additional 5,065 shares during the period. SG Americas Securities LLC bought a new position in Marcus in the 3rd quarter worth $279,000. Citadel Advisors LLC raised its holdings in Marcus by 317.8% in the 3rd quarter. Citadel Advisors LLC now owns 44,992 shares of the company’s stock worth $1,246,000 after purchasing an additional 34,222 shares during the period. JPMorgan Chase & Co. raised its holdings in Marcus by 62.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 105,105 shares of the company’s stock worth $2,964,000 after purchasing an additional 40,538 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in Marcus by 9.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 52,775 shares of the company’s stock valued at $1,443,000 after acquiring an additional 4,400 shares during the period. 60.41% of the stock is currently owned by institutional investors.
A number of research firms have commented on MCS. Barrington Research reissued a “buy” rating and set a $36.00 price target on shares of Marcus in a report on Monday, February 26th. B. Riley reissued a “buy” rating and set a $34.00 price target on shares of Marcus in a report on Tuesday, January 30th. Finally, Zacks Investment Research raised Marcus from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.00.
Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. The business had revenue of $158.16 million for the quarter, compared to analysts’ expectations of $156.52 million. Marcus had a return on equity of 10.48% and a net margin of 10.44%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. analysts predict that Marcus Co. will post 1.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, March 2nd. This is a boost from Marcus’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.98%. Marcus’s dividend payout ratio (DPR) is currently 38.96%.
In other news, VP Thomas F. Kissinger sold 7,500 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $30.62, for a total transaction of $229,650.00. Following the completion of the transaction, the vice president now owns 84,843 shares in the company, valued at $2,597,892.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Thomas F. Kissinger sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $30.66, for a total value of $122,640.00. Following the transaction, the vice president now owns 84,843 shares of the company’s stock, valued at approximately $2,601,286.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,500 shares of company stock worth $949,790. Insiders own 33.53% of the company’s stock.
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.
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