MCS Marcus Corp.

Marcus Corp. engages in operating movie theatres, hotels, and resorts. It operates through the following business segments: Theatres and Hotels & Resorts. The Theatres segment includes multiscreen motion picture theatres and a family entertainment center. The Hotels & Resorts segment owns and operates full service hotels and resorts. The company was founded by Ben Marcus on November 1, 1935 and is headquartered in Milwaukee, WI.

Company profile

Ticker

MCS

Exchange

NYSE

Website

www.marcuscorp.com

CEO

Gregory S. Marcus

Incorporated in

Wisconsin

Location

Wisconsin

Fiscal year end

Dec 31

Sector

Consumer Services > Movies/Entertainment

Industry (SEC)

Services - Motion Picture Theaters

Amc Entertainment • Cinemark • Reading International • Galaxy Next Generation • Regal Entertainment • Regal Cinemas ...

SEC CIK

0000062234

Corporate docs

Articles of Incorporation & Bylaws

IRS number

391139844

MCS stock data

S&P 500

1M 1Y 2Y 5Y

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

12 May 20

6 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart MCS financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	159.46M	206.86M	211.46M	232.5M
Net income	-19.5M	7.85M	14.23M	18.24M
Diluted EPS
Net profit margin	-12.23%	3.80%	6.73%	7.84%
Operating income	-22.2M	13.38M	22.39M	27.48M
Net change in cash	105.61M	13.41M	-4.24M	3.33M
Cash on hand	126.47M	20.86M	7.45M	11.69M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	820.86M	707.12M	653.55M	574.32M
Net income	42.12M	53.47M	64.49M	37.54M
Net profit margin	5.13%	7.56%	9.87%	6.54%
Operating income	68.19M	83.19M	77.31M	71.47M
Net change in cash	3.75M	866K	13.01M	-3.43M
Cash on hand	20.86M	17.11M	16.25M	3.24M

Financial data from Marcus earnings reports

Recent insider trades

MCS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
26 May 20	Selig Allan H	Common Stock	Option exercise	Aquire M	No	11.14	500	5.57K	37,432
26 May 20	Selig Allan H	Stock Option Common Stock	Option exercise	Dispose M	No	11.14	500	5.57K	0
20 May 20	Milstein Philip L	Common Stock	Option exercise	Aquire M	No	11.14	500	5.57K	51,266
20 May 20	Milstein Philip L	Stock Option Common Stock	Option exercise	Dispose M	No	11.14	500	5.57K	0
8 May 20	Marcus Gregory S	Stock Option (right to buy) (granted 5/8/20) Common Stock	Grant	Aquire A	No	12.71	80,000	1.02M	80,000
8 May 20	Rodriguez Rolando B	Stock Option (right to buy) (granted 5/8/20) Common Stock	Grant	Aquire A	No	12.71	20,000	254.2K	20,000
8 May 20	Kissinger Thomas F	Stock Option (right to buy) (granted 2/25/20) Common Stock	Grant	Aquire A	No	12.71	20,000	254.2K	20,000

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

MCS institutional ownership history Ownership history

87.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	145	167	-13.2%
Opened positions	19	27	-29.6%
Closed positions	41	32	+28.1%
Increased positions	56	55	+1.8%
Reduced positions	50	63	-20.6%

13F shares	Current	Prev Q	Change
Total value	1.56B	1.59B	-1.9%
Total shares	20.26M	20.9M	-3.1%
Total puts	20.3K	29.2K	-30.5%
Total calls	12.8K	27.6K	-53.6%
Total put/call ratio	1.6	1.1	+49.9%

Largest owners	Shares	Value	Change
BLK BlackRock	3.63M	$44.75M	+0.1%
Dimensional Fund Advisors	1.66M	$20.42M	+1.7%
Vanguard	1.53M	$18.83M	+1.8%
Lazard Asset Management	1.29M	$15.85M	+2.5%
NTRS Northern Trust	978.23K	$12.05M	+0.2%
STT State Street	853.33K	$10.51M	+25.4%
GBL Gamco Investors, Inc. Et Al	798.85K	$9.84M	-3.2%
Wellington Management	755.54K	$9.31M	+29.7%
WHG Westwood	651.13K	$8.02M	-16.4%
Victory Capital Management	602.39K	$7.42M	-2.8%

Largest transactions	Shares	Bought/sold	Change
IVZ Invesco	107.33K	-512K	-82.7%
Norges Bank	0	-179.45K	EXIT
Wellington Management	755.54K	+172.97K	+29.7%
STT State Street	853.33K	+172.96K	+25.4%
Emerald Mutual Fund Advisers Trust	0	-149.28K	EXIT
Cooper Creek Partners Management	147.7K	+147.7K	NEW
Grantham, Mayo, Van Otterloo & Co.	0	-140.24K	EXIT
Marshall Wace	142.04K	+132.17K	+1339.5%
WHG Westwood	651.13K	-127.87K	-16.4%
Royce & Associates	123.15K	+123.15K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Hilton Hotels • Amc Entertainment • Cbre • HomeAway • Cinemark • HFF • Cinemark • Amc Entertainment • Walker & Dunlop • Airbnb

Management Discussion

We report our consolidated and individual segment results of operations on a 52-or 53-week fiscal year ending on the last Thursday in December. Fiscal 2020 is a 53-week year beginning on December 27, 2019 and ending on December 31, 2020. Fiscal 2019 was a 52-week year beginning December 28, 2018 and ended on December 26, 2019.
We divide our fiscal year into three 13-week quarters and a final quarter consisting of 13 or 14 weeks. The first quarter of fiscal 2020 consisted of the 13-week period beginning December 27, 2019 and ended on March 26, 2020. The first quarter of fiscal 2019 consisted of the 13-week period beginning on December 28, 2018 and ended on March 28, 2019. Our primary operations are reported in the following two business segments: movie theatres and hotels and resorts.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Avg

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Removed: accretive, adjustment, affecting, amortized, andSuperScreen, andTake, applied, ASC, assumed, attributed, awarded, booked, booking, borrow, calendar, California, carry, Center, Chapter, Chicago, Cinedigm, cinema, Codification, colder, commence, compete, conclusion, country, Courtyard, created, cumulative, Dark, deploy, deployed, depreciable, determinable, determining, digital, direct, discretion, divestiture, double, DoubleTree, Downtown, drink, earliest, efficiency, El, escrow, exercised, expanded, expired, explore, featuring, feet, financed, foot, forego, forward, hierarchy, identification, impediment, implicit, improved, Improvementsamended, incremental, indemnification, indoor, ineffective, integration, introduced, leasing, lessee, leverage, licensed, licensing, Lion, luxury, Magical, managing, master, mature, meeting, modified, monetize, Murieta, Nationally, newUltraScreen, newZaffiro, offer, ofTake, Oklahoma, opportunity, ourSuperScreen, outdoor, package, Paso, permanently, popular, positive, practical, prepaid, print, progressing, projection, promotional, prospectively, published, pure, Rancho, readily, reassessment, recently, reimbursement, renewal, residual, resulted, retained, retrospective, robust, ROU, screen, shortfall, slight, small, snowier, space, square, starlit, subsidiary, suggest, summer, tangible, Targeted, terrace, transition, unchanged, understand, undesignated, variety, venture, virtual, VPF

From filing 10-Q 2020 Q1