UBS Group AG Cuts Stock Holdings in Marcus Corporation (The) $MCS

Key Points

• UBS Group AG cut its stake in Marcus Corporation by 32.6% in the fourth quarter, selling 67,003 shares and leaving it with 138,327 shares valued at about $2.15 million.
• Analysts remain moderately bullish on MCS, with a consensus rating of “Moderate Buy” and a consensus price target of $23.33 after several firms reiterated or raised their ratings and targets.
• Marcus reported better-than-expected quarterly results, posting an adjusted loss of $0.51 per share versus estimates of $0.54 loss and revenue of $154.4 million above forecasts; the company also declared a quarterly dividend of $0.08 per share.

UBS Group AG decreased its stake in shares of Marcus Corporation (The) (NYSE:MCS - Free Report) by 32.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,327 shares of the company's stock after selling 67,003 shares during the period. UBS Group AG owned about 0.45% of Marcus worth $2,145,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MCS. Russell Investments Group Ltd. boosted its position in shares of Marcus by 550.6% during the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company's stock valued at $35,000 after buying an additional 1,916 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company's stock valued at $42,000 after buying an additional 937 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Marcus by 656.0% during the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company's stock valued at $88,000 after buying an additional 4,999 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Marcus during the third quarter valued at approximately $173,000. Finally, Prelude Capital Management LLC purchased a new position in shares of Marcus during the third quarter valued at approximately $187,000. Hedge funds and other institutional investors own 81.57% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Marcus

In other Marcus news, VP Thomas F. Kissinger sold 25,000 shares of the business's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $17.32, for a total value of $433,000.00. Following the sale, the vice president directly owned 199,700 shares in the company, valued at $3,458,804. The trade was a 11.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $146,055.84. Following the completion of the sale, the insider owned 45,801 shares in the company, valued at approximately $872,051.04. The trade was a 14.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 32,708 shares of company stock worth $579,646. Corporate insiders own 16.53% of the company's stock.

Marcus Stock Performance

Shares of Marcus stock opened at $19.01 on Thursday. The business's fifty day simple moving average is $17.96 and its 200 day simple moving average is $16.51. The firm has a market capitalization of $584.18 million, a P/E ratio of 44.21, a price-to-earnings-growth ratio of 2.62 and a beta of 0.53. Marcus Corporation has a 12 month low of $12.85 and a 12 month high of $20.02. 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 (NYSE:MCS - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, topping analysts' consensus estimates of ($0.54) by $0.03. The business had revenue of $154.40 million for the quarter, compared to analyst estimates of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. As a group, analysts anticipate that Marcus Corporation will post 0.47 EPS for the current year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.7%. Marcus's payout ratio is presently 74.42%.

Marcus Company Profile

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.

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