Raymond James & Associates Has $219,000 Stake in Marcus Corp (MCS)

Raymond James & Associates cut its position in Marcus Corp (NYSE:MCS) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,533 shares of the company’s stock after selling 1,348 shares during the quarter. Raymond James & Associates’ holdings in Marcus were worth $219,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Prudential Financial Inc. raised its holdings in Marcus by 175.2% in the fourth quarter. Prudential Financial Inc. now owns 357,625 shares of the company’s stock valued at $14,125,000 after acquiring an additional 227,652 shares in the last quarter. Man Group plc acquired a new stake in Marcus in the third quarter valued at $5,355,000. Renaissance Technologies LLC raised its holdings in Marcus by 33.7% in the third quarter. Renaissance Technologies LLC now owns 401,580 shares of the company’s stock valued at $16,886,000 after acquiring an additional 101,280 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Marcus by 68.6% in the fourth quarter. Acadian Asset Management LLC now owns 238,832 shares of the company’s stock valued at $9,434,000 after acquiring an additional 97,138 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Marcus by 551.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 101,633 shares of the company’s stock valued at $4,015,000 after acquiring an additional 86,030 shares in the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

Shares of NYSE:MCS opened at $40.79 on Wednesday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.60 and a beta of 0.69. Marcus Corp has a 1-year low of $29.45 and a 1-year high of $45.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.46 and a current ratio of 0.46.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, February 21st. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $175.03 million for the quarter, compared to analysts’ expectations of $175.00 million. Marcus had a net margin of 7.55% and a return on equity of 11.96%. As a group, equities research analysts anticipate that Marcus Corp will post 1.71 EPS for the current year.

In related news, major shareholder Vss-Southern Holdings Llc sold 1,725,000 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $39.83, for a total value of $68,706,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Diane M. Gershowitz sold 46,600 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $40.58, for a total transaction of $1,891,028.00. Following the completion of the sale, the director now directly owns 207,955 shares in the company, valued at approximately $8,438,813.90. The disclosure for this sale can be found here. Insiders have sold 1,890,072 shares of company stock worth $75,404,779 over the last three months. 29.04% of the stock is owned by corporate insiders.

Several analysts recently issued reports on the stock. Benchmark upped their price target on shares of Marcus to $45.00 and gave the company a “buy” rating in a report on Friday, February 22nd. B. Riley set a $41.00 target price on shares of Marcus and gave the stock a “hold” rating in a report on Saturday, February 2nd. Zacks Investment Research raised shares of Marcus from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Friday, January 25th. Finally, Barrington Research reissued a “buy” rating and set a $49.00 target price on shares of Marcus in a report on Thursday, February 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Marcus presently has an average rating of “Buy” and a consensus price target of $45.75.

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Marcus Company Profile

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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