Capstone Asset Management Co. decreased its stake in Marcus Corporation (The) (NYSE:MCS) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,693 shares of the company’s stock after selling 380 shares during the period. Capstone Asset Management Co.’s holdings in Marcus Corporation (The) were worth $293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. raised its position in shares of Marcus Corporation (The) by 11.5% in the first quarter. Prudential Financial Inc. now owns 56,481 shares of the company’s stock valued at $1,813,000 after buying an additional 5,820 shares in the last quarter. Highbridge Capital Management LLC bought a new position in shares of Marcus Corporation (The) during the first quarter valued at about $259,000. Westwood Holdings Group Inc. raised its position in shares of 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 in the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in shares of Marcus Corporation (The) by 0.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 69,918 shares of the company’s stock valued at $2,244,000 after buying an additional 237 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Marcus Corporation (The) by 4.5% in the first quarter. Comerica Bank now owns 20,935 shares of the company’s stock valued at $724,000 after buying an additional 909 shares in the last quarter. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Marcus Corporation (MCS) traded up 0.874% on Monday, reaching $25.975. 31,019 shares of the company’s stock traded hands. The company has a market cap of $722.60 million, a PE ratio of 17.202 and a beta of 0.63. Marcus Corporation has a 12 month low of $22.32 and a 12 month high of $34.90. The firm’s 50 day moving average price is $28.65 and its 200 day moving average price is $30.96.

Marcus Corporation (The) (NYSE:MCS) last posted its quarterly earnings results 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. The company had revenue of $152.80 million during the quarter, compared to analysts’ expectations of $158.43 million. Marcus Corporation (The) had a return on equity of 10.78% and a net margin of 7.18%. Marcus Corporation (The)’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities analysts expect that Marcus Corporation will post $1.55 EPS for the current fiscal year.

The business also recently declared 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 dividend payout ratio is presently 33.11%.

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MCS has been the topic of several research reports. Barrington Research lowered their price objective on shares of Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. TheStreet downgraded shares of Marcus Corporation (The) from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. Benchmark Co. restated a “buy” rating and set a $37.80 price objective (up previously from $34.96) on shares of Marcus Corporation (The) in a report on Saturday, April 29th. Zacks Investment Research downgraded shares of Marcus Corporation (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, ValuEngine upgraded shares of Marcus Corporation (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.45.

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