Arrowstreet Capital Limited Partnership Decreases Holdings in Marcus Corporation (The) (NYSE:MCS)

Arrowstreet Capital Limited Partnership decreased its position in Marcus Corporation (The) (NYSE:MCS) by 27.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,002 shares of the company’s stock after selling 41,724 shares during the period. Arrowstreet Capital Limited Partnership owned 0.57% of Marcus Corporation (The) worth $3,322,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Neuberger Berman Group LLC grew its stake in shares of Marcus Corporation (The) by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 7,595 shares of the company’s stock valued at $229,000 after buying an additional 61 shares during the period. Arizona State Retirement System grew its stake in shares of Marcus Corporation (The) by 1.0% in the 1st quarter. Arizona State Retirement System now owns 9,868 shares of the company’s stock valued at $317,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Marcus Corporation (The) by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the company’s stock valued at $236,000 after buying an additional 100 shares during the period. Hancock Holding Co. grew its stake in shares of Marcus Corporation (The) by 1.0% in the 2nd quarter. Hancock Holding Co. now owns 18,686 shares of the company’s stock valued at $564,000 after buying an additional 186 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Marcus Corporation (The) by 4.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,470 shares of the company’s stock worth $135,000 after acquiring an additional 210 shares during the last quarter. 59.52% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. B. Riley restated a “buy” rating and issued a $38.00 price objective on shares of Marcus Corporation (The) in a report on Saturday, July 29th. Zacks Investment Research upgraded shares of Marcus Corporation (The) from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. TheStreet upgraded shares of Marcus Corporation (The) from a “c” rating to a “b-” rating in a report on Thursday, October 5th. Benchmark Co. restated a “buy” rating and issued a $34.00 price objective (down from $37.00) on shares of Marcus Corporation (The) in a report on Wednesday, October 4th. Finally, Barrington Research decreased their price objective on shares of Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $35.67.

Marcus Corporation (NYSE MCS) traded down 0.094% during midday trading on Friday, reaching $26.525. 17,470 shares of the company’s stock were exchanged. Marcus Corporation has a 52 week low of $23.85 and a 52 week high of $34.90. The stock’s 50 day moving average is $27.02 and its 200 day moving average is $29.28. The firm has a market capitalization of $737.90 million, a P/E ratio of 17.566 and a beta of 0.73.

Marcus Corporation (The) (NYSE:MCS) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Marcus Corporation (The) had a net margin of 7.18% and a return on equity of 10.78%. The company had revenue of $153.82 million during the quarter, compared to the consensus estimate of $153.91 million. During the same period in the previous year, the firm earned $0.51 earnings per share. Marcus Corporation (The)’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Marcus Corporation will post $1.41 EPS for the current fiscal year.

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About Marcus Corporation (The)

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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