Gamco Investors INC. ET AL Increases Stock Holdings in Marcus Corporation (The) $MCS

Gamco Investors INC. ET AL increased its holdings in shares of Marcus Corporation (The) (NYSE:MCS) by 12.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 915,835 shares of the company’s stock after purchasing an additional 100,480 shares during the period. Gamco Investors INC. ET AL’s holdings in Marcus were worth $14,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCS. Bastion Asset Management Inc. purchased a new position in Marcus during the 3rd quarter worth $3,395,000. Pacific Ridge Capital Partners LLC purchased a new position in Marcus during the 4th quarter worth $2,594,000. Squarepoint Ops LLC grew its stake in Marcus by 332.2% during the 2nd quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock worth $2,735,000 after buying an additional 124,664 shares during the last quarter. Marshall Wace LLP grew its stake in Marcus by 55.2% during the 3rd quarter. Marshall Wace LLP now owns 340,486 shares of the company’s stock worth $5,281,000 after buying an additional 121,035 shares during the last quarter. Finally, Orbis Allan Gray Ltd grew its holdings in shares of Marcus by 9.1% during the second quarter. Orbis Allan Gray Ltd now owns 1,375,121 shares of the company’s stock valued at $23,185,000 after buying an additional 114,556 shares during the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MCS. B. Riley Financial reissued a “buy” rating on shares of Marcus in a report on Friday, April 17th. Weiss Ratings lowered shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Zacks Research raised shares of Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Marcus in a report on Monday, May 4th. Finally, Wedbush boosted their price objective on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Marcus has an average rating of “Moderate Buy” and a consensus price target of $23.33.

Insiders Place Their Bets

In related news, insider Michael Reade Evans sold 7,671 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $19.04, for a total transaction of $146,055.84. Following the completion of the transaction, the insider directly owned 45,801 shares in the company, valued at $872,051.04. The trade was a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas F. Kissinger sold 25,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $17.32, for a total transaction of $433,000.00. Following the transaction, the vice president owned 199,700 shares of the company’s stock, valued at $3,458,804. This represents a 11.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,708 shares of company stock valued at $579,646 over the last 90 days. 16.53% of the stock is currently owned by insiders.

Marcus Price Performance

Shares of MCS opened at $17.84 on Tuesday. The firm has a market capitalization of $548.07 million, a PE ratio of 41.48, a price-to-earnings-growth ratio of 2.44 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35. Marcus Corporation has a 1-year low of $12.85 and a 1-year high of $20.02. The company’s fifty day moving average price is $17.68 and its 200-day moving average price is $16.32.

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

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.