Morgan Dempsey Capital Management Lowers stake in Marcus Corp (MCS)

Marcus Corp (MCS) : Morgan Dempsey Capital Management reduced its stake in Marcus Corp by 0.03% during the most recent quarter end. The investment management company now holds a total of 645,812 shares of Marcus Corp which is valued at $12,509,378 after selling 196 shares in Marcus Corp , the firm said in a disclosure report filed with the SEC on May 9, 2016.Marcus Corp makes up approximately 4.58% of Morgan Dempsey Capital Management’s portfolio.

Other Hedge Funds, Including , Numeric Investors added MCS to its portfolio by purchasing 17,190 company shares during the most recent quarter which is valued at $342,425. Ifc Holdings Incorporatedfl added MCS to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $199,200. Marcus Corp makes up approx 0.03% of Ifc Holdings Incorporatedfl’s portfolio. Smith Asset Management Group Lp sold out all of its stake in MCS during the most recent quarter. The investment firm sold 7,060 shares of MCS which is valued $140,635.Municipal Employees’ Retirement System Of Michigan reduced its stake in MCS by selling 520 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 23,830 shares of MCS which is valued at $474,694. Marcus Corp makes up approx 0.03% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Marcus Corp closed down -0.38 points or -1.92% at $19.37 with 51,842 shares getting traded on Friday. Post opening the session at $19.66, the shares hit an intraday low of $19.3205 and an intraday high of $19.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Marcus Corp reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.09. The company had revenue of $125.40 million for the quarter, compared to analysts expectations of $118.42 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

The Marcus Corporation owns and operates movie theatres and hotels and resorts. The Company operates through two business segments: movie theatres and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin Illinois Iowa Minnesota Nebraska North Dakota and Ohio including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it. It also operates a family entertainment center Funset Boulevard. Its hotels and resorts operations include owned and operated hotels and resorts which include the Pfister Hotel the Hilton Milwaukee City Center Hilton Madison at Monona Terrace the Grand Geneva Resort & Spa Hotel Phillips InterContinental Milwaukee Skirvin Hilton AC Hotel Chicago Downtown and the Cornhusker a Marriott Hotel. The Company’s owned and operated hotels and resorts are located in Wisconsin Illinois Missouri Nebraska and Oklahoma.

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