Mario Gabelli Increases Position in The Marcus Corporation (MCS)

Mario Gabelli and GAMCO Investors have boosted their holding in The Marcus Corporation (NYSE:MCS) to a total of over 2.14 million shares. The position held by GAMCO and other Gabelli’s funds amasses 11.75% of the company’s common stock. In its latest 13F, GAMCO revealed holding around 1.4 million shares of the company, down from 1.46 million held currently.

The rest of the shares are divided between Gabelli Funds, which owns around 348,000 shares of the total amount and Teton Advisors, with 341,800 shares.

Mario Gabelli

Currently, other funds also hold stakes in The Marcus Corporation (NYSE:MCS), aside from GAMCO, which, at the end of September, held the largest position, in terms of amount of shares out of the funds we track. Thomas E. Claugus’s Gmt Capital, owns over 740,900 shares, worth $10.8 million. Meanwhile Gregg J. Powers’s Private Capital Management reduced its position by over 65% during the third quarter, currently holding 274,300 shares, worth almost $4.0 million.

Last week, The Marcus Corporation (NYSE:MCS) announced its financial results for the second quarter of fiscal 2014. The company reported a revenue of $100.6 million compared to a revenue of $100.6 million in the second quarter 2013. The revenue for the first half of the fiscal year increased 5.1% from $15.4 million in the first half of fiscal 2013 to $16.7 million in the first half of fiscal 2014. The operating income declined 9.3% QoQ but there was a rise of 9.9% in the same when compared half yearly.

Net earnings per diluted common share fell 29.4% over the quarter to $0.12 in second quarter of 2014, while there was a surge of 14.8% in net earnings per diluted common share when compared to$0.54 for the same period in fiscal 2013.

Disclosure: none

Recommended Reading:

Jeff Smith Initiates 5.6% Stake and Goes Activist on Darden Restaurants, Inc. (DRI)

Blue Ridge Capital Reveals New Passive Stake in PBF Energy Inc (PBF)

WPX Energy Inc (WPX) Expands Board to Include Taconic Capital Advisors Representative

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!