Mario Gabelli Increases Stake in MCS - Hotels and Movie Theaters

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Apr 02, 2013
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As of March 28, 2013, GAMCO Investors’ Chairman and Chief Executive Officer Mario Gabelli increased his position by 19.52% in The Marcus Corporation (MCS). Gabelli currently holds 1,050,101 MCS shares, a position he has grown over the last five years, according to GuruFocus research. His holding history:



Headquartered in Milwaukee, The Marcus Corporation is included in the S&P’s SmallCap 600 Index and the Russell 2000 Index, and others. The company started off in 1935 as a family-run small town movie theater in Wisconsin. It now has two main business segments, Marcus Theatres and Marcus Hotels & Resorts. One of the largest theater circuits in the U.S., the company's movie theater division, Marcus Theatres, currently owns or manages 694 screens at 56 locations in Wisconsin, Illinois, Minnesota, Ohio, North Dakota, Iowa and Nebraska, and one family entertainment center in Wisconsin. The company also manages an upscale hotel and resort division with a portfolio of 20 lodging properties in the U.S. and three developments.

In his 2012 letter to shareholders, Marcus Corp. President and CEO Gregory Marcus stated:

“The theme of this report, 'Strength in Numbers,' perfectly describes our fiscal 2012 performance. Revenues increased 9.8 percent to $413.9 million for the year and operating income was up 38.9 percent. Net earnings rose 67.7 percent to $22.7 million, or $0.78 per diluted common share.”

According to GuruFocus research, The Marcus Corporation is ranked 1 star in Business Predictability, 5 in Financial Strength and 6 in Profitability and Growth. The company has a market cap of $32.65 billion, a P/E ratio of 16.5, a P/S ratio of 0.9 and a P/B ratio of 1. MCS shares currently trade at $12.06 per share.

Have a look at The Marcus Corporation’s 10-Year Financials.

Mario Gabelli’s top buys, sells and holdings:



See the rest of Mario Gabelli’s latest trades: go to Mario Gabelli’s Stock Picks.

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