Trading Report: The Swiss National Bank decides to keep it stake in Marcus Corp. (MCS) to the level of $667,000

The Swiss National Bank decides to keep it stake in Marcus Corp. (MCS) to the level of $667,000

Swiss National Bank maintained its position in Marcus Corp. (NYSE:MCS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,600 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.11% of Marcus Corp. worth $667,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MCS. BlackRock Fund Advisors boosted its position in Marcus Corp. by 0.4% in the first quarter. BlackRock Fund Advisors now owns 1,199,234 shares of the company’s stock worth $22,725,000 after buying an additional 5,220 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Marcus Corp. during the first quarter worth approximately $174,000. Spark Investment Management LLC bought a new position in Marcus Corp. during the first quarter worth approximately $341,000. Goldman Sachs Group Inc. boosted its position in Marcus Corp. by 210.6% in the first quarter. Goldman Sachs Group Inc. now owns 37,607 shares of the company’s stock worth $713,000 after buying an additional 25,501 shares during the period. Finally, Geode Capital Management LLC boosted its position in Marcus Corp. by 11.3% in the first quarter. Geode Capital Management LLC now owns 128,029 shares of the company’s stock worth $2,426,000 after buying an additional 13,001 shares during the period. 55.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Marcus Corp. (NYSE:MCS) traded up 2.37% during midday trading on Wednesday, hitting $25.46. 20,566 shares of the stock were exchanged. The firm has a market capitalization of $701.65 million, a price-to-earnings ratio of 16.55 and a beta of 0.66. The stock’s 50-day moving average price is $24.08 and its 200-day moving average price is $21.41. Marcus Corp. has a 1-year low of $17.44 and a 1-year high of $25.63.

Marcus Corp. (NYSE:MCS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business earned $134 million during the quarter, compared to analyst estimates of $129.43 million. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. Marcus Corp.’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. On average, analysts forecast that Marcus Corp. will post $1.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were given a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, August 23rd. Marcus Corp.’s payout ratio is currently 36.00%.

MCS has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, June 29th. B. Riley reaffirmed a “buy” rating and set a $25.50 price objective on shares of Marcus Corp. in a research report on Monday, July 25th. Finally, Benchmark Co. boosted their target price on shares of Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research report on Friday, July 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $29.30.

In related news, Director Philip L. Milstein sold 4,000 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $24.29, for a total value of $97,160.00. Following the completion of the sale, the director now directly owns 80,213 shares of the company’s stock, valued at approximately $1,948,373.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas F. Kissinger sold 1,500 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total value of $34,575.00. Following the completion of the sale, the vice president now directly owns 47,254 shares of the company’s stock, valued at $1,089,204.70. The disclosure for this sale can be found here. 33.75% of the stock is owned by corporate insiders.

Marcus Corp. Company Profile

The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.

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