New Amsterdam Partnersny Lowers stake in Marcus Corp (MCS)

Marcus Corp (MCS) : New Amsterdam Partnersny reduced its stake in Marcus Corp by 1.07% during the most recent quarter end. The investment management company now holds a total of 192,312 shares of Marcus Corp which is valued at $4,319,328 after selling 2,078 shares in Marcus Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Marcus Corp makes up approximately 1.00% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in MCS in the latest quarter, The investment management firm added 162 additional shares and now holds a total of 39,016 shares of Marcus Corp which is valued at $876,299.Emerald Mutual Fund Advisers Trust boosted its stake in MCS in the latest quarter, The investment management firm added 9,900 additional shares and now holds a total of 304,623 shares of Marcus Corp which is valued at $6,747,399. Marcus Corp makes up approx 0.36% of Emerald Mutual Fund Advisers Trust’s portfolio. Denali Advisors added MCS to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $2,166.

Marcus Corp closed down -0.39 points or -1.74% at $22.07 with 64,484 shares getting traded on Thursday. Post opening the session at $22.44, the shares hit an intraday low of $22.05 and an intraday high of $22.68 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Marcus Corp reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.29. The company had revenue of $135.00 million for the quarter, compared to analysts expectations of $129.43 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on Marcus Corp. Company shares were Reiterated by The Benchmark Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 26.11 from a previous price target of $25.24 .

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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