IFC Holdings Incorporated FL held its stake in Marcus Corporation (The) (NYSE:MCS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the company’s stock at the end of the second quarter. IFC Holdings Incorporated FL’s holdings in Marcus Corporation (The) were worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MCS. Vanguard Group Inc. increased its stake in Marcus Corporation (The) by 4.6% in the first quarter. Vanguard Group Inc. now owns 963,540 shares of the company’s stock valued at $30,929,000 after buying an additional 42,546 shares during the period. State Street Corp increased its position in Marcus Corporation (The) by 6.5% in the first quarter. State Street Corp now owns 480,662 shares of the company’s stock valued at $15,427,000 after buying an additional 29,302 shares during the period. Westwood Holdings Group Inc. increased its position in Marcus Corporation (The) by 0.6% in the first quarter. Westwood Holdings Group Inc. now owns 364,672 shares of the company’s stock valued at $11,706,000 after buying an additional 2,195 shares during the period. Renaissance Technologies LLC increased its position in Marcus Corporation (The) by 28.9% in the first quarter. Renaissance Technologies LLC now owns 306,400 shares of the company’s stock valued at $9,835,000 after buying an additional 68,700 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Marcus Corporation (The) by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 303,693 shares of the company’s stock valued at $9,748,000 after buying an additional 11,101 shares during the period. Hedge funds and other institutional investors own 57.89% of the company’s stock.

Marcus Corporation (NYSE:MCS) opened at 25.80 on Tuesday. The firm has a 50 day moving average of $28.50 and a 200 day moving average of $30.92. Marcus Corporation has a 1-year low of $22.32 and a 1-year high of $34.90. The firm has a market cap of $717.73 million, a P/E ratio of 17.09 and a beta of 0.63.

Marcus Corporation (The) (NYSE:MCS) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.03. Marcus Corporation (The) had a return on equity of 10.78% and a net margin of 7.18%. The business had revenue of $152.80 million during the quarter, compared to analyst estimates of $158.43 million. During the same period in the previous year, the company earned $0.34 EPS. Marcus Corporation (The)’s revenue was up 13.2% on a year-over-year basis. On average, equities research analysts expect that Marcus Corporation will post $1.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, August 23rd. Marcus Corporation (The)’s payout ratio is currently 33.11%.

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MCS has been the subject of several research reports. Zacks Investment Research downgraded shares of Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Benchmark Co. restated a “buy” rating and issued a $37.80 price target (up previously from $34.96) on shares of Marcus Corporation (The) in a research note on Saturday, April 29th. ValuEngine upgraded shares of Marcus Corporation (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Barrington Research dropped their price target on shares of Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Finally, TheStreet downgraded shares of Marcus Corporation (The) from a “b-” rating to a “c” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $37.45.

In other news, VP Thomas F. Kissinger sold 4,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $32.17, for a total value of $128,680.00. Following the completion of the sale, the vice president now owns 60,039 shares of the company’s stock, valued at $1,931,454.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas A. Neis sold 3,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $33.83, for a total transaction of $101,490.00. Following the completion of the sale, the chief financial officer now directly owns 71,339 shares of the company’s stock, valued at approximately $2,413,398.37. The disclosure for this sale can be found here. 33.53% of the stock is owned by corporate insiders.

About Marcus Corporation (The)

The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.

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Institutional Ownership by Quarter for Marcus Corporation (The) (NYSE:MCS)

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