Morgan Dempsey Capital Management LLC Sells 34,102 Shares of Marcus Corporation (The) (NYSE:MCS)

Morgan Dempsey Capital Management LLC lowered its position in shares of Marcus Corporation (The) (NYSE:MCS) by 16.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 169,359 shares of the company’s stock after selling 34,102 shares during the period. Marcus Corporation (The) makes up about 1.9% of Morgan Dempsey Capital Management LLC’s portfolio, making the stock its 16th largest position. Morgan Dempsey Capital Management LLC owned about 0.59% of Marcus Corporation (The) worth $5,115,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted 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 in the last quarter. State Street Corp boosted its stake 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 in the last quarter. Westwood Holdings Group Inc. boosted its stake 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 in the last quarter. Renaissance Technologies LLC boosted its stake 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 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 last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

Marcus Corporation (NYSE MCS) traded down 1.41% on Friday, reaching $24.50. The company had a trading volume of 445,159 shares. The stock’s 50-day moving average price is $27.83 and its 200 day moving average price is $30.75. The firm has a market capitalization of $681.57 million, a price-to-earnings ratio of 16.23 and a beta of 0.63. Marcus Corporation has a 52-week low of $22.73 and a 52-week high of $34.90.

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 analyst estimates of $158.43 million. Marcus Corporation (The) had a return on equity of 10.78% and a net margin of 7.18%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. On average, equities analysts anticipate that Marcus Corporation will post $1.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.50 annualized dividend and a dividend yield of 2.04%. Marcus Corporation (The)’s dividend payout ratio (DPR) is currently 33.11%.

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Several brokerages recently weighed in on MCS. Benchmark Co. reiterated a “buy” rating and issued a $37.80 price objective (up from $34.96) on shares of Marcus Corporation (The) in a research report on Saturday, April 29th. B. Riley reiterated a “buy” rating and issued a $42.00 price objective on shares of Marcus Corporation (The) in a research report on Saturday, April 29th. ValuEngine upgraded Marcus Corporation (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Barrington Research lowered their price target on Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Marcus Corporation (The) presently has a consensus rating of “Buy” and an average 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 shares were sold at an average price of $33.83, for a total transaction of $101,490.00. Following the sale, the chief financial officer now directly owns 71,339 shares in the company, valued at approximately $2,413,398.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas F. Kissinger sold 4,000 shares of Marcus Corporation (The) stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $32.17, for a total transaction of $128,680.00. Following the transaction, the vice president now directly owns 60,039 shares of the company’s stock, valued at $1,931,454.63. The disclosure for this sale can be found here. 33.53% of the stock is currently owned by insiders.

Marcus Corporation (The) Company Profile

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.

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

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