Marcus Corporation (The) $MCS Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lessened its stake in shares of Marcus Corporation (The) (NYSE:MCS) by 23.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 158,789 shares of the company’s stock after selling 49,980 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Marcus were worth $4,429,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in shares of Marcus in the third quarter valued at approximately $28,000. USA Financial Formulas purchased a new position in Marcus during the 3rd quarter worth $50,000. State of Wyoming purchased a new position in Marcus during the 3rd quarter worth $70,000. WINTON GROUP Ltd purchased a new position in Marcus during the 2nd quarter worth $290,000. Finally, CenterBook Partners LP bought a new stake in Marcus during the 3rd quarter valued at $655,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Trading Up 0.5%

NYSE:MCS opened at $27.34 on Thursday. The firm has a 50-day simple moving average of $27.63 and a 200-day simple moving average of $22.41. Marcus Corporation has a one year low of $14.63 and a one year high of $32.42. The firm has a market cap of $850.16 million, a P/E ratio of 34.61, a P/E/G ratio of 1.33 and a beta of 0.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.67.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. Marcus had a net margin of 3.08% and a return on equity of 3.84%. The firm had revenue of $237.75 million for the quarter, compared to the consensus estimate of $235.65 million. Equities analysts anticipate that Marcus Corporation will post 0.82 EPS for the current fiscal year.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 25th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. Marcus’s payout ratio is 45.57%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MCS shares. Wall Street Zen cut Marcus from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. B. Riley Financial reissued a “neutral” rating on shares of Marcus in a research report on Monday, October 19th. Wedbush raised their price target on Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Benchmark lifted their price objective on Marcus from $22.00 to $33.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded Marcus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.25.

Insider Buying and Selling

In other Marcus news, Director Diane M. Gershowitz sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the completion of the sale, the director owned 125,617 shares in the company, valued at $3,468,285.37. This represents a 28.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.53% of the stock is owned by company insiders.

Marcus Profile

Marcus Corporation is a Milwaukee-based entertainment and hospitality company founded in 1935. It operates through Marcus Theatres, which runs movie theaters in the United States, and Marcus Hotels & Resorts, which owns and manages hotels and resorts. Marcus Theatres offers movie screenings and related guest experiences, while Marcus Hotels & Resorts provides lodging, dining, meeting and event services. The company’s operations are concentrated in the United States, particularly the Midwest.