Dalton Greiner Hartman Maher & Co. increased its holdings in shares of Marcus Corp (NYSE:MCS) by 38.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,773 shares of the company’s stock after acquiring an additional 36,558 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Marcus were worth $3,577,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCS. Acrospire Investment Management LLC grew its position in Marcus by 266.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,303 shares of the company’s stock worth $100,000 after acquiring an additional 2,401 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in Marcus during the 3rd quarter worth approximately $100,000. Envestnet Asset Management Inc. grew its position in Marcus by 85.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,169 shares of the company’s stock worth $116,000 after acquiring an additional 1,916 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in Marcus by 60.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,160 shares of the company’s stock worth $198,000 after acquiring an additional 2,690 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in Marcus during the 2nd quarter worth approximately $211,000. Institutional investors and hedge funds own 60.15% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Marcus from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. B. Riley restated a “buy” rating and set a $36.00 price target on shares of Marcus in a research report on Friday, October 27th. TheStreet upgraded Marcus from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. Finally, Benchmark reiterated a “buy” rating and issued a $34.00 price objective (down from $37.00) on shares of Marcus in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $34.75.
Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $153.82 million for the quarter, compared to analyst estimates of $153.91 million. Marcus had a return on equity of 9.73% and a net margin of 6.51%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. equities research analysts predict that Marcus Corp will post 1.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, November 27th were given a $0.125 dividend. The ex-dividend date was Friday, November 24th. This represents a $0.50 dividend on an annualized basis and a yield of 1.83%. Marcus’s payout ratio is 35.97%.
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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