167,258 Shares in Marcus Corporation (The) $MCS Bought by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC acquired a new stake in shares of Marcus Corporation (The) (NYSE:MCS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 167,258 shares of the company’s stock, valued at approximately $2,594,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bastion Asset Management Inc. purchased a new position in shares of Marcus in the 3rd quarter worth approximately $3,395,000. Teton Advisors LLC purchased a new stake in shares of Marcus during the 3rd quarter valued at $1,070,000. Heartland Advisors Inc. grew its stake in Marcus by 33.3% during the 3rd quarter. Heartland Advisors Inc. now owns 200,000 shares of the company’s stock worth $3,102,000 after buying an additional 50,000 shares during the last quarter. KLCM Advisors Inc. raised its stake in Marcus by 7.0% in the fourth quarter. KLCM Advisors Inc. now owns 1,085,909 shares of the company’s stock valued at $16,842,000 after buying an additional 70,958 shares during the last quarter. Finally, Diversified Management Inc. purchased a new stake in shares of Marcus during the fourth quarter worth about $565,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MCS. Zacks Research upgraded shares of Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Wedbush upped their price target on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Marcus in a report on Monday, May 4th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Marcus in a research note on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Insider Activity

In other Marcus news, VP Thomas F. Kissinger sold 25,000 shares of Marcus stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $17.32, for a total transaction of $433,000.00. Following the completion of the transaction, the vice president owned 199,700 shares in the company, valued at approximately $3,458,804. This trade represents a 11.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Reade Evans sold 7,671 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the completion of the sale, the insider owned 45,801 shares in the company, valued at $872,051.04. The trade was a 14.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,708 shares of company stock worth $579,646 over the last ninety days. 16.53% of the stock is owned by insiders.

Marcus Stock Performance

MCS opened at $17.72 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. Marcus Corporation has a 12-month low of $12.85 and a 12-month high of $20.02. The firm has a 50 day moving average of $17.66 and a two-hundred day moving average of $16.18. The firm has a market capitalization of $544.38 million, a PE ratio of 41.20, a P/E/G ratio of 2.53 and a beta of 0.53.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.03. Marcus had a net margin of 1.85% and a return on equity of 0.79%. The business had revenue of $154.40 million for the quarter, compared to the consensus estimate of $148.78 million. On average, analysts anticipate that Marcus Corporation will post 0.47 EPS for the current year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, February 25th. Marcus’s dividend payout ratio (DPR) is currently 74.42%.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.