Savant Capital LLC lowered its stake in shares of Marcus Corp (NYSE:MCS) by 5.8% in the 4th quarter, Holdings Channel reports. The firm owned 48,439 shares of the company’s stock after selling 3,000 shares during the quarter. Savant Capital LLC’s holdings in Marcus were worth $1,913,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Marcus by 2.3% during the 3rd quarter. BlackRock Inc. now owns 3,167,241 shares of the company’s stock worth $133,182,000 after purchasing an additional 70,193 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Marcus by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,632,780 shares of the company’s stock worth $68,658,000 after buying an additional 13,797 shares during the period. Vanguard Group Inc. boosted its holdings in Marcus by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,134,814 shares of the company’s stock worth $47,719,000 after buying an additional 31,303 shares during the period. Vanguard Group Inc boosted its holdings in Marcus by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 1,134,814 shares of the company’s stock worth $47,719,000 after buying an additional 31,303 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Marcus by 33.7% in the 3rd quarter. Renaissance Technologies LLC now owns 401,580 shares of the company’s stock worth $16,886,000 after buying an additional 101,280 shares during the period. Institutional investors own 62.58% of the company’s stock.
MCS opened at $39.63 on Monday. The company has a market capitalization of $1.22 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.33 and a beta of 0.76. Marcus Corp has a 12 month low of $23.55 and a 12 month high of $45.82. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.
In other Marcus news, major shareholder Vss-Southern Holdings Llc sold 1,725,000 shares of the firm’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $39.83, for a total value of $68,706,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip L. Milstein sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $42.32, for a total transaction of $211,600.00. Following the completion of the transaction, the director now directly owns 45,760 shares of the company’s stock, valued at $1,936,563.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,732,850 shares of company stock valued at $69,040,131. Insiders own 32.88% of the company’s stock.
Several research analysts recently commented on MCS shares. Zacks Investment Research raised shares of Marcus from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Wednesday, January 16th. B. Riley set a $41.00 price objective on shares of Marcus and gave the stock a “hold” rating in a report on Saturday, February 2nd.
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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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