Principal Financial Group Inc. Purchases 5,059 Shares of Marcus Corporation (The) (MCS)

Principal Financial Group Inc. boosted its stake in shares of Marcus Corporation (The) (NYSE:MCS) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,770 shares of the company’s stock after buying an additional 5,059 shares during the period. Principal Financial Group Inc. owned 0.51% of Marcus Corporation (The) worth $4,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in shares of Marcus Corporation (The) by 78.5% in the first quarter. Acadian Asset Management LLC now owns 15,167 shares of the company’s stock valued at $486,000 after buying an additional 6,670 shares in the last quarter. CAPROCK Group Inc. purchased a new position in shares of Marcus Corporation (The) during the first quarter valued at approximately $248,000. 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. Rice Hall James & Associates LLC raised its position in shares of Marcus Corporation (The) by 19.0% in the first quarter. Rice Hall James & Associates LLC now owns 86,875 shares of the company’s stock valued at $2,789,000 after buying an additional 13,868 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Marcus Corporation (The) by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the company’s stock valued at $247,000 after buying an additional 100 shares in the last quarter. 57.98% of the stock is owned by institutional investors and hedge funds.

Marcus Corporation (MCS) opened at 28.60 on Tuesday. The stock has a 50 day moving average price of $32.47 and a 200 day moving average price of $31.62. The stock has a market cap of $794.22 million, a price-to-earnings ratio of 19.18 and a beta of 0.65. Marcus Corporation has a 52-week low of $21.15 and a 52-week high of $34.90.

Marcus Corporation (The) (NYSE:MCS) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Marcus Corporation (The) had a return on equity of 10.83% and a net margin of 7.27%. The company had revenue of $158 million for the quarter, compared to the consensus estimate of $155.25 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. Analysts expect that Marcus Corporation will post $1.59 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Principal Financial Group Inc. Purchases 5,059 Shares of Marcus Corporation (The) (MCS)” was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://transcriptdaily.com/2017/07/18/principal-financial-group-inc-purchases-5059-shares-of-marcus-corporation-the-mcs.html.

Several brokerages have commented on MCS. B. Riley reissued a “buy” rating and set a $42.00 price objective on shares of Marcus Corporation (The) in a research report on Saturday, April 29th. Benchmark Co. reaffirmed a “buy” rating and issued a $37.80 price target (up previously from $34.96) on shares of Marcus Corporation (The) in a research report on Saturday, April 29th. ValuEngine raised Marcus Corporation (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $38.93.

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

Receive News & Ratings for Marcus Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply