Bastion Asset Management Inc. Purchases 154,439 Shares of Marcus Corporation (The) $MCS

Bastion Asset Management Inc. raised its position in shares of Marcus Corporation (The) (NYSE:MCS) by 70.1% in the fourth quarter, HoldingsChannel reports. The fund owned 374,612 shares of the company’s stock after acquiring an additional 154,439 shares during the period. Marcus accounts for approximately 3.2% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 15th largest holding. Bastion Asset Management Inc.’s holdings in Marcus were worth $5,716,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Orbis Allan Gray Ltd boosted 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 worth $23,185,000 after acquiring an additional 114,556 shares during the period. KLCM Advisors Inc. boosted its holdings in shares of Marcus by 7.0% during the fourth quarter. KLCM Advisors Inc. now owns 1,085,909 shares of the company’s stock worth $16,842,000 after acquiring an additional 70,958 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Marcus by 12.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock worth $14,205,000 after acquiring an additional 100,480 shares during the period. American Century Companies Inc. boosted its holdings in shares of Marcus by 4.6% during the third quarter. American Century Companies Inc. now owns 912,696 shares of the company’s stock worth $14,156,000 after acquiring an additional 40,295 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Marcus by 11.1% during the first quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock worth $6,553,000 after acquiring an additional 39,118 shares during the period. Institutional investors own 81.57% of the company’s stock.

Insider Activity at Marcus

In other Marcus news, insider Michael Reade Evans sold 7,671 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas F. Kissinger sold 25,000 shares of the business’s stock in a transaction that occurred 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 approximately $3,458,804. This represents a 11.13% 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 have sold 32,708 shares of company stock valued at $579,646. Company insiders own 16.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MCS. B. Riley Financial reiterated a “buy” rating on shares of Marcus in a research report on Friday, April 17th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Marcus in a research report on Monday, May 4th. 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 lifted their price target on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Marcus from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.33.

Marcus Stock Down 0.3%

NYSE MCS opened at $17.78 on Wednesday. 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 1-year low of $12.85 and a 1-year high of $20.02. The company has a 50 day moving average of $17.69 and a 200-day moving average of $16.35. The company has a market cap of $546.23 million, a price-to-earnings ratio of 41.34, a PEG ratio of 2.51 and a beta of 0.53.

Marcus (NYSE:MCS) last announced 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 during the quarter, compared to the consensus estimate of $148.78 million. On average, equities research analysts expect that Marcus Corporation will post 0.47 earnings per share for the current fiscal year.

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.