SG Americas Securities LLC Has $1.52 Million Position in Marcus Corp (MCS)

SG Americas Securities LLC increased its stake in shares of Marcus Corp (NYSE:MCS) by 354.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,140 shares of the company’s stock after acquiring an additional 28,194 shares during the period. SG Americas Securities LLC’s holdings in Marcus were worth $1,520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Piermont Capital Management Inc. purchased a new position in Marcus during the third quarter worth approximately $1,806,000. Bessemer Group Inc. raised its position in Marcus by 116.3% in the third quarter. Bessemer Group Inc. now owns 22,500 shares of the company’s stock valued at $946,000 after purchasing an additional 12,100 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in Marcus in the third quarter valued at $1,113,000. WINTON GROUP Ltd purchased a new stake in Marcus in the third quarter valued at $7,652,000. Finally, Meeder Asset Management Inc. raised its position in Marcus by 841.5% in the third quarter. Meeder Asset Management Inc. now owns 9,895 shares of the company’s stock valued at $416,000 after purchasing an additional 8,844 shares during the period. 62.88% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Philip L. Milstein sold 5,000 shares of Marcus stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $42.32, for a total value of $211,600.00. Following the completion of the sale, the director now directly owns 45,760 shares of the company’s stock, valued at $1,936,563.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory S. Marcus sold 89,093 shares of Marcus stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $41.05, for a total value of $3,657,267.65. Following the completion of the sale, the insider now directly owns 194,687 shares of the company’s stock, valued at $7,991,901.35. The disclosure for this sale can be found here. Insiders sold 149,093 shares of company stock worth $6,117,268 in the last 90 days. Company insiders own 32.88% of the company’s stock.

A number of equities research analysts have commented on MCS shares. Zacks Investment Research upgraded Marcus from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, September 26th. B. Riley downgraded Marcus from a “buy” rating to a “neutral” rating and reduced their target price for the company from $42.50 to $41.00 in a research report on Wednesday, August 15th.

NYSE:MCS opened at $41.03 on Wednesday. Marcus Corp has a 52 week low of $23.55 and a 52 week high of $44.61. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 1.51 and a beta of 0.62.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, October 25th. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.09. Marcus had a return on equity of 12.54% and a net margin of 11.46%. The company had revenue of $170.60 million for the quarter, compared to the consensus estimate of $170.47 million. On average, research analysts predict that Marcus Corp will post 1.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, November 26th will be given a $0.15 dividend. The ex-dividend date is Friday, November 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.46%. Marcus’s dividend payout ratio is currently 38.96%.

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About Marcus

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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Institutional Ownership by Quarter for Marcus (NYSE:MCS)

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