California Public Employees Retirement System cut its position in Marcus Corp. (NYSE:MCS) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,000 shares of the company’s stock after selling 800 shares during the period. California Public Employees Retirement System owned 0.18% of Marcus Corp. worth $1,055,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. California State Teachers Retirement System boosted its position in 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 in the last quarter. Savant Capital LLC boosted its position in 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 in the last quarter. BNP Paribas Arbitrage SA boosted its position in Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock worth $123,000 after buying an additional 3,100 shares in the last quarter. 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 in the last quarter. Finally, Bank of Montreal Can purchased a new position in Marcus Corp. during the second quarter worth approximately $251,000. 55.91% of the stock is owned by institutional investors and hedge funds.
Shares of Marcus Corp. (NYSE:MCS) traded down 0.83% during midday trading on Monday, reaching $25.08. 3,744 shares of the company were exchanged. The firm has a market capitalization of $691.18 million, a P/E ratio of 16.31 and a beta of 0.65. Marcus Corp. has a 52 week low of $17.44 and a 52 week high of $25.63. The firm has a 50-day moving average of $24.24 and a 200 day moving average of $21.51.
Marcus Corp. (NYSE:MCS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The company earned $134 million during the quarter, compared to analysts’ expectations of $129.43 million. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. On average, equities research analysts expect that Marcus Corp. will post $1.14 EPS for the current year.
MCS has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, September 28th. Benchmark Co. lifted their price target on shares of Marcus Corp. from $26.11 to $28.19 and gave the stock a “buy” rating in a research note on Monday, September 26th. Finally, B. Riley reaffirmed a “buy” rating and set a $30.00 price target on shares of Marcus Corp. in a research note on Tuesday, August 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.30.
In other news, Director Philip L. Milstein sold 4,000 shares of the stock in a transaction dated Monday, September 26th. The shares were 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 in the company, valued at $1,948,373.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas F. Kissinger sold 1,500 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total transaction of $34,575.00. Following the completion of the sale, the vice president now owns 47,254 shares of the company’s stock, valued at $1,089,204.70. The disclosure for this sale can be found here. Company insiders own 33.75% of the company’s stock.
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.