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Is The Marcus Corporation (MCS) Going to Burn These Hedge Funds?

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Is The Marcus Corporation (NYSE:MCS) a good investment?

In the eyes of many of your peers, hedge funds are seen as delayed, old financial tools of a period lost to current times. Although there are In excess of 8,000 hedge funds in operation currently, Insider Monkey aim at the bigwigs of this group, about 525 funds. Analysts calculate that this group has its hands on most of all hedge funds’ total assets, and by tracking their best investments, we’ve revealed a few investment strategies that have historically outperformed the market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 33 percentage points in 11 months (find the details here).

Just as crucial, bullish insider trading sentiment is another way to analyze the investments you’re interested in. Obviously, there are a number of stimuli for a corporate insider to cut shares of his or her company, but just one, very simple reason why they would behave bullishly. Many academic studies have demonstrated the market-beating potential of this tactic if you know where to look (learn more here).

The Marcus Corporation (NYSE:MCS)

Furthermore, it’s important to examine the newest info surrounding The Marcus Corporation (NYSE:MCS).

How have hedgies been trading The Marcus Corporation (NYSE:MCS)?

In preparation for the third quarter, a total of 8 of the hedge funds we track held long positions in this stock, a change of 14% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their stakes substantially.

When using filings from the hedgies we track, Mario Gabelli’s GAMCO Investors had the largest position in The Marcus Corporation (NYSE:MCS), worth close to $16.2 million, accounting for 0.1% of its total 13F portfolio. The second largest stake is held by Private Capital Management, managed by Gregg J. Powers, which held a $10.1 million position; the fund has 1% of its 13F portfolio invested in the stock. Some other peers with similar optimism include Thomas E. Claugus’s GMT Capital, Ken Griffin’s Citadel Investment Group and Jim Simons’s Renaissance Technologies.

Consequently, particular hedge funds have jumped into The Marcus Corporation (NYSE:MCS) headfirst. GAMCO Investors, managed by Mario Gabelli, initiated the largest position in The Marcus Corporation (NYSE:MCS). GAMCO Investors had 16.2 million invested in the company at the end of the quarter. Gregg J. Powers’s Private Capital Management also initiated a $10.1 million position during the quarter. The following funds were also among the new MCS investors: Thomas E. Claugus’s GMT Capital, Ken Griffin’s Citadel Investment Group, and Jim Simons’s Renaissance Technologies.

What have insiders been doing with The Marcus Corporation (NYSE:MCS)?

Insider buying made by high-level executives is best served when the company in focus has seen transactions within the past 180 days. Over the last 180-day time period, The Marcus Corporation (NYSE:MCS) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to The Marcus Corporation (NYSE:MCS). These stocks are Pinnacle Entertainment, Inc (NYSE:PNK), Monarch Casino & Resort, Inc. (NASDAQ:MCRI), Boyd Gaming Corporation (NYSE:BYD), Isle of Capri Casinos (NASDAQ:ISLE), and Bluegreen Corporation (NYSE:BXG). This group of stocks are in the resorts & casinos industry and their market caps resemble MCS’s market cap.

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