KLCM Advisors Inc. Sells 47,294 Shares of Marcus Corporation (The) $MCS

KLCM Advisors Inc. lessened its stake in shares of Marcus Corporation (The) (NYSE:MCS) by 4.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,038,615 shares of the company’s stock after selling 47,294 shares during the quarter. Marcus comprises about 1.5% of KLCM Advisors Inc.’s portfolio, making the stock its 16th largest holding. KLCM Advisors Inc.’s holdings in Marcus were worth $17,833,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Saber Capital Managment LLC bought a new stake in Marcus in the 4th quarter valued at $7,836,000. Pacific Ridge Capital Partners LLC acquired a new position in Marcus in the 4th quarter valued at $2,594,000. Bastion Asset Management Inc. raised its holdings in Marcus by 70.1% in the 4th quarter. Bastion Asset Management Inc. now owns 374,612 shares of the company’s stock valued at $5,716,000 after acquiring an additional 154,439 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in shares of Marcus by 7.9% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company’s stock valued at $29,714,000 after acquiring an additional 141,064 shares during the period. Finally, Squarepoint Ops LLC grew its stake in Marcus by 332.2% during the second quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock worth $2,735,000 after buying an additional 124,664 shares in the last quarter. 81.57% of the stock is owned by institutional investors.

Insider Transactions at Marcus

In other news, insider Michael Reade Evans sold 7,671 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the sale, the insider directly owned 45,801 shares of the company’s stock, valued at $872,051.04. The trade was a 14.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.53% of the stock is currently owned by company insiders.

Marcus Price Performance

Shares of NYSE MCS traded down $0.18 during trading hours on Friday, reaching $21.81. 93,224 shares of the stock traded hands, compared to its average volume of 296,241. The company has a market capitalization of $670.22 million, a P/E ratio of 50.72, a price-to-earnings-growth ratio of 2.97 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.41. Marcus Corporation has a 52-week low of $12.85 and a 52-week high of $24.89. The company’s 50-day simple moving average is $20.58 and its two-hundred day simple moving average is $17.96.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.03. The business had revenue of $154.40 million for the quarter, compared to analyst estimates of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. Equities research analysts forecast that Marcus Corporation will post 0.49 EPS for the current year.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 1st. Marcus’s dividend payout ratio is presently 74.42%.

Analysts Set New Price Targets

Several brokerages recently commented on MCS. B. Riley Financial increased their price objective on shares of Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. 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. Wedbush raised their price target on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Zacks Research upgraded Marcus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $24.25.

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.