UBS Group AG Trims Holdings in Marcus Corporation (The) $MCS

UBS Group AG cut its stake in Marcus Corporation (The) (NYSE:MCS) by 32.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 138,327 shares of the company’s stock after selling 67,003 shares during the quarter. UBS Group AG’s holdings in Marcus were worth $2,145,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Marcus by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after purchasing an additional 624 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. Savant Capital LLC grew its position in shares of Marcus by 7.8% in the third quarter. Savant Capital LLC now owns 13,166 shares of the company’s stock valued at $204,000 after purchasing an additional 955 shares in the last quarter. Bank of America Corp DE grew its position in Marcus by 1.2% during the third quarter. Bank of America Corp DE now owns 102,695 shares of the company’s stock worth $1,593,000 after buying an additional 1,205 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in Marcus by 0.9% during the third quarter. Gabelli Funds LLC now owns 190,000 shares of the company’s stock worth $2,947,000 after buying an additional 1,700 shares in the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marcus

In other news, VP Thomas F. Kissinger sold 25,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was 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 directly owned 199,700 shares in the company, valued at approximately $3,458,804. This represents a 11.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Reade Evans sold 7,671 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the completion of the transaction, the insider owned 45,801 shares of the company’s stock, valued at $872,051.04. The trade was a 14.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,708 shares of company stock valued at $579,646 over the last quarter. Company insiders own 16.53% of the company’s stock.

Marcus Price Performance

Marcus stock opened at $19.01 on Thursday. Marcus Corporation has a 52 week low of $12.85 and a 52 week high of $20.02. The business has a 50-day simple moving average of $17.96 and a 200 day simple moving average of $16.51. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.41. The stock has a market cap of $584.18 million, a price-to-earnings ratio of 44.21, a PEG ratio of 2.62 and a beta of 0.53.

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

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, June 1st. Marcus’s dividend payout ratio is presently 74.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barrington Research restated an “outperform” rating and set a $25.00 target price on shares of Marcus in a research report on Monday, May 4th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings cut Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Wedbush boosted their target price on Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, B. Riley Financial restated a “buy” rating on shares of Marcus in a research report on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Marcus has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

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.