Axa Has $4.16 Million Stake in Marcus Corp (MCS)

Axa cut its stake in Marcus Corp (NYSE:MCS) by 12.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,816 shares of the company’s stock after selling 14,000 shares during the period. Axa’s holdings in Marcus were worth $4,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. UBS Group AG grew its position in Marcus by 424.3% in the 1st quarter. UBS Group AG now owns 14,912 shares of the company’s stock valued at $452,000 after purchasing an additional 12,068 shares during the period. Principal Financial Group Inc. grew its position in Marcus by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 147,494 shares of the company’s stock valued at $4,476,000 after purchasing an additional 3,499 shares during the period. Acadian Asset Management LLC grew its position in Marcus by 150.9% in the 2nd quarter. Acadian Asset Management LLC now owns 45,221 shares of the company’s stock valued at $1,470,000 after purchasing an additional 27,196 shares during the period. Bessemer Group Inc. acquired a new stake in Marcus in the 2nd quarter valued at $338,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Marcus in the 2nd quarter valued at $147,000. Institutional investors and hedge funds own 63.31% of the company’s stock.

NYSE MCS opened at $42.46 on Friday. Marcus Corp has a 12-month low of $23.55 and a 12-month high of $44.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $1.22 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. Marcus had a net margin of 11.46% and a return on equity of 12.54%. The business had revenue of $170.60 million during the quarter, compared to the consensus estimate of $170.47 million. On average, sell-side analysts expect that Marcus Corp will post 1.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, November 26th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, November 23rd. Marcus’s dividend payout ratio (DPR) is presently 38.96%.

In other Marcus news, CEO Gregory S. Marcus sold 55,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $40.88, for a total transaction of $2,248,400.00. Following the transaction, the chief executive officer now directly owns 194,687 shares in the company, valued at approximately $7,958,804.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Philip L. Milstein sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $42.32, for a total value of $211,600.00. Following the transaction, the director now owns 45,760 shares in the company, valued at $1,936,563.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,093 shares of company stock worth $6,365,488. Company insiders own 32.88% of the company’s stock.

Several analysts recently issued reports on MCS shares. Zacks Investment Research raised shares of Marcus from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, October 10th. B. Riley downgraded shares of Marcus from a “buy” rating to a “neutral” rating and reduced their price target for the company from $42.50 to $41.00 in a research report on Wednesday, August 15th.

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Marcus Company Profile

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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Institutional Ownership by Quarter for Marcus (NYSE:MCS)

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