KLCM Advisors Inc. Acquires 70,958 Shares of Marcus Corporation (The) $MCS

KLCM Advisors Inc. raised its stake in Marcus Corporation (The) (NYSE:MCS) by 7.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,085,909 shares of the company’s stock after buying an additional 70,958 shares during the period. Marcus accounts for 1.4% of KLCM Advisors Inc.’s holdings, making the stock its 14th largest holding. KLCM Advisors Inc.’s holdings in Marcus were worth $16,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bastion Asset Management Inc. acquired a new position in Marcus in the 3rd quarter valued at about $3,395,000. Squarepoint Ops LLC grew its position in shares of Marcus by 332.2% in the second quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock valued at $2,735,000 after purchasing an additional 124,664 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Marcus by 55.2% during the third quarter. Marshall Wace LLP now owns 340,486 shares of the company’s stock worth $5,281,000 after purchasing an additional 121,035 shares during the period. Orbis Allan Gray Ltd lifted its holdings in Marcus by 9.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 1,375,121 shares of the company’s stock worth $23,185,000 after purchasing an additional 114,556 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Marcus by 819.7% during the 2nd quarter. Raymond James Financial Inc. now owns 96,381 shares of the company’s stock worth $1,625,000 after purchasing an additional 85,901 shares during the last quarter. 81.57% of the stock is owned by institutional investors.

Marcus Trading Down 1.4%

Shares of MCS stock opened at $17.72 on Tuesday. Marcus Corporation has a fifty-two week low of $12.85 and a fifty-two week high of $20.02. The stock’s fifty day moving average price is $17.66 and its two-hundred day moving average price is $16.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $544.38 million, a PE ratio of 41.20, a P/E/G ratio of 2.53 and a beta of 0.53.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The business had revenue of $154.40 million during the quarter, compared to the consensus estimate of $148.78 million. Equities analysts predict that Marcus Corporation will post 0.47 EPS for the current fiscal year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Wednesday, February 25th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.8%. Marcus’s payout ratio is 74.42%.

Wall Street Analysts Forecast Growth

MCS has been the topic of several recent research reports. Wedbush increased their price objective on Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Barrington Research restated an “outperform” rating and issued a $25.00 price target on shares of Marcus in a research note on Monday, May 4th. Zacks Research raised shares of Marcus from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. B. Riley Financial reiterated a “buy” rating on shares of Marcus in a research note on Friday, April 17th. Finally, Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Marcus currently has an average rating of “Moderate Buy” and an average target price of $23.50.

Insider Buying and Selling

In other Marcus news, insider Michael Reade Evans sold 7,671 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $19.04, for a total transaction of $146,055.84. Following the sale, the insider owned 45,801 shares of the company’s stock, valued at approximately $872,051.04. The trade was a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas F. Kissinger sold 25,000 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $17.32, for a total value of $433,000.00. Following the completion of the transaction, the vice president owned 199,700 shares of the company’s stock, valued at $3,458,804. The trade was a 11.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 32,708 shares of company stock valued at $579,646. 16.53% of the stock is owned by corporate insiders.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.