Marcus Corp (NYSE:MCS) Holdings Trimmed by US Bancorp DE
US Bancorp DE trimmed its position in shares of Marcus Corp (NYSE:MCS) by 15.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,538 shares of the company’s stock after selling 12,699 shares during the period. US Bancorp DE owned 0.25% of Marcus worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Group AG boosted its stake in shares of Marcus by 424.3% during the first quarter. UBS Group AG now owns 14,912 shares of the company’s stock valued at $452,000 after purchasing an additional 12,068 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Marcus by 2.4% in the first quarter. Principal Financial Group Inc. now owns 147,494 shares of the company’s stock valued at $4,476,000 after acquiring an additional 3,499 shares in the last quarter. Boston Advisors LLC acquired a new stake in Marcus in the second quarter valued at approximately $966,000. Acadian Asset Management LLC boosted its stake in Marcus by 150.9% in the second quarter. Acadian Asset Management LLC now owns 45,221 shares of the company’s stock valued at $1,470,000 after acquiring an additional 27,196 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Marcus in the second quarter valued at approximately $338,000. 62.88% of the stock is owned by institutional investors and hedge funds.
MCS traded up $0.36 during trading on Friday, hitting $41.30. The stock had a trading volume of 172,210 shares, compared to its average volume of 113,827. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 1.46 and a beta of 0.62. Marcus Corp has a twelve month low of $23.55 and a twelve month high of $44.61. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, November 26th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.45%. Marcus’s dividend payout ratio is currently 38.96%.
In other Marcus news, CEO Gregory S. Marcus sold 55,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $40.88, for a total value of $2,248,400.00. Following the completion of the transaction, the chief executive officer now owns 194,687 shares of the company’s stock, valued at $7,958,804.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Philip L. Milstein sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $42.32, for a total transaction of $211,600.00. Following the completion of the transaction, the director now directly owns 45,760 shares of the company’s stock, valued at approximately $1,936,563.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,093 shares of company stock valued at $6,117,268. Corporate insiders own 32.88% of the company’s stock.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Marcus from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, October 10th. B. Riley downgraded shares of Marcus from a “buy” rating to a “neutral” rating and lowered their target price for the company from $42.50 to $41.00 in a research note on Wednesday, August 15th.
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The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.
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