Bank of Montreal Discloses 1.57M Share Stake in Marcus Corp

TL;DR

**Bank of Montreal just revealed a 1.57M share stake in Marcus Corp, signaling institutional confidence.**

AI Summary

Bank of Montreal /CAN/ reported on February 9, 2024, that it beneficially owns 1,575,091 shares of Marcus Corp's Common Stock as of December 31, 2023. This represents a significant stake, giving the bank sole voting and dispositive power over these shares. For investors, this indicates a major financial institution has a substantial, passive investment in Marcus Corp, suggesting a degree of confidence in the company's long-term prospects.

Why It Matters

This filing shows a large institutional investor, Bank of Montreal, holds a significant position in Marcus Corp, which can be seen as a vote of confidence in the company's value.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally doesn't pose a direct risk to existing shareholders.

Analyst Insight

Investors should note the presence of a large institutional holder like Bank of Montreal, which can add stability, but this filing alone doesn't suggest immediate price catalysts. It's a data point for long-term confidence.

Key Numbers

• 1,575,091 — Shares Beneficially Owned (Represents the total number of Marcus Corp common shares held by Bank of Montreal.)

Key Players & Entities

• Bank of Montreal /CAN/ (company) — the reporting person and beneficial owner of shares
• Marcus Corp (company) — the issuer of the securities
• 1,575,091 (dollar_amount) — number of shares beneficially owned by Bank of Montreal
• December 31, 2023 (person) — date of event requiring the filing
• February 9, 2024 (person) — date the SC 13G filing was made

Forward-Looking Statements

• Bank of Montreal will maintain its passive stake in Marcus Corp for the foreseeable future. (Bank of Montreal) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• mcs_20824.htm (SC 13G) — 96KB
• 0001085146-24-000952.txt ( ) — 98KB

(a)

ITEM 1(a). NAME OF ISSUER: Marcus Corp

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: C/O David Metz, 100 E Wisconsin Avenue Suite 1900, Milwaukee, US-WI, 53202-4132, USA

(a)

ITEM 2(a). NAME OF PERSON FILING: BANK OF MONTREAL BANK OF MONTREAL HOLDING INC. BMO NESBITT BURNS INC. WEALTH MANAGEMENT BMO PRIVATE INVESTMENT COUNSEL INC. BMO ASSET MANAGEMENT INC. BMO NESBITT BURNS INC. BMO FINANCIAL CORP. BMO CAPITAL MARKETS CORP. BANK OF MONTREAL, NEWYORK BRANCH BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 100 King Street West, 21st Floor, Toronto, Ontario, M5X 1A1, Canada

(c)

ITEM 2(c). CITIZENSHIP: Canada Canada Canada Canada Canada Canada United States United States United States Ireland

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock

(e)

ITEM 2(e). CUSIP NUMBER: 566330106 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [X] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [X] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 1,575,091 (b) Percent of class: 6.4% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: BANK OF MONTREAL - 1,575,091 BANK OF MONTREAL HOLDING INC. - 120,567 BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 2,085 BMO PRIVATE INVESTMENT COUNSEL INC. - 2,085 BMO ASSET MANAGEMENT INC. - 2,085 BMO NESBITT BURNS INC. - 118,482 BMO FINANCIAL CORP. - 139,291 BMO CAPITAL MARKETS CORP. - 139,291 BANK OF MONTREAL, NEWYORK BRANCH - 1,155,869 BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY - 159,364 (ii) shared power to vote or to direct the vote: (iii)

View Full Filing

View this SC 13G filing on SEC EDGAR