Saber Capital Managment LLC Takes Position in Marcus Corporation (The) $MCS

Saber Capital Managment LLC purchased a new stake in Marcus Corporation (The) (NYSE:MCS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 505,209 shares of the company’s stock, valued at approximately $7,836,000. Marcus makes up 6.5% of Saber Capital Managment LLC’s investment portfolio, making the stock its 5th largest holding.

Other large investors have also made changes to their positions in the company. Navalign LLC purchased a new stake in shares of Marcus in the fourth quarter valued at approximately $33,000. Russell Investments Group Ltd. grew its position in shares of Marcus by 550.6% in the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after purchasing an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Marcus by 60.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after purchasing an additional 937 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Marcus by 656.0% in the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after purchasing an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of Marcus by 67.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after purchasing an additional 4,076 shares in the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marcus

In other news, insider Michael Reade Evans sold 7,671 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total transaction of $146,055.84. Following the completion of the transaction, the insider directly owned 45,801 shares in the company, valued at $872,051.04. This trade represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MCS shares. 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. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a research report on Monday, May 4th. Weiss Ratings lowered Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, B. Riley Financial increased their price objective on Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.25.

Marcus Trading Down 0.2%

Shares of Marcus stock opened at $22.40 on Monday. The firm has a market capitalization of $688.23 million, a price-to-earnings ratio of 52.08, a PEG ratio of 3.03 and a beta of 0.55. Marcus Corporation has a fifty-two week low of $12.85 and a fifty-two week high of $22.50. 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 stock has a 50 day moving average of $18.88 and a 200 day moving average of $16.93.

Marcus (NYSE:MCS) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) EPS 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 analyst estimates of $148.78 million. As a group, research analysts predict that Marcus Corporation will post 0.49 earnings per share for the current year.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, June 1st. Marcus’s dividend payout ratio (DPR) is currently 74.42%.

Marcus 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.