IFC Holdings Incorporated FL continued to hold its stake in shares of Marcus Corp. (NYSE:MCS) during the second quarter, Holdings Channel reports. The firm owned 10,000 shares of the company’s stock at the end of the second quarter. IFC Holdings Incorporated FL’s holdings in Marcus Corp. were worth $214,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Fund Advisors raised its stake in shares of 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. Dalton Greiner Hartman Maher & Co. bought a new stake in shares of Marcus Corp. during the second quarter worth about $1,394,000. California State Teachers Retirement System raised its stake in shares of Marcus Corp. by 0.4% in the second quarter. California State Teachers Retirement System now owns 39,016 shares of the company’s stock worth $823,000 after buying an additional 162 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of 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, Savant Capital LLC raised its stake in shares of Marcus Corp. by 1.4% in the second quarter. Savant Capital LLC now owns 35,900 shares of the company’s stock worth $757,000 after buying an additional 479 shares during the period. Institutional investors and hedge funds own 55.91% of the company’s stock.
Marcus Corp. (NYSE:MCS) traded up 1.21% during midday trading on Friday, reaching $26.02. 48,704 shares of the company traded hands. The firm’s 50 day moving average price is $24.69 and its 200 day moving average price is $21.97. The firm has a market capitalization of $717.09 million, a price-to-earnings ratio of 16.92 and a beta of 0.66. Marcus Corp. has a 12 month low of $17.44 and a 12 month high of $27.58.
Marcus Corp. (NYSE:MCS) last posted its earnings results on Thursday, October 27th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.20%. The business had revenue of $144.70 million for the quarter, compared to analyst estimates of $526.63 million. Marcus Corp.’s revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that Marcus Corp. will post $1.16 earnings per share for the current year.
MCS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, September 28th. B. Riley restated a “buy” rating and issued a $31.00 target price on shares of Marcus Corp. in a research note on Wednesday. Finally, Benchmark Co. upped their target price on shares of Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a research note on Monday, September 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Marcus Corp. presently has an average rating of “Buy” and an average target price of $29.55.
In other Marcus Corp. news, CFO Douglas A. Neis sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $22.97, for a total value of $57,425.00. Following the sale, the chief financial officer now directly owns 51,002 shares in the company, valued at approximately $1,171,515.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip L. Milstein sold 4,000 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $24.29, for a total transaction of $97,160.00. Following the completion of the sale, the director now owns 80,213 shares in the company, valued at $1,948,373.77. The disclosure for this sale can be found here. 33.75% of the stock is currently 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.