80,000 Shares in The Marcus Co. (NYSE:MCS) Acquired by Covalent Partners LLC

Covalent Partners LLC acquired a new stake in The Marcus Co. (NYSE:MCS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 80,000 shares of the company's stock, valued at approximately $1,720,000. Marcus comprises about 6.3% of Covalent Partners LLC's investment portfolio, making the stock its 4th biggest position. Covalent Partners LLC owned about 0.25% of Marcus as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCS. Quarry LP acquired a new stake in shares of Marcus during the fourth quarter worth about $70,000. National Bank of Canada FI lifted its stake in Marcus by 407,500.0% during the 4th quarter. National Bank of Canada FI now owns 4,076 shares of the company's stock valued at $88,000 after acquiring an additional 4,075 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus in the 4th quarter valued at $114,000. Meeder Asset Management Inc. acquired a new stake in shares of Marcus in the fourth quarter worth $130,000. Finally, Sterling Capital Management LLC raised its holdings in shares of Marcus by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 8,876 shares of the company's stock worth $191,000 after purchasing an additional 693 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Benchmark reiterated a "buy" rating and set a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th. Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price on shares of Marcus in a report on Tuesday. Finally, StockNews.com raised Marcus from a "hold" rating to a "buy" rating in a report on Wednesday.

Marcus Price Performance

Shares of NYSE:MCS traded up $0.07 during trading on Friday, reaching $16.91. 160,143 shares of the company's stock traded hands, compared to its average volume of 406,880. The firm has a market cap of $536.88 million, a PE ratio of -49.74, a P/E/G ratio of 3.12 and a beta of 1.22. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $23.16. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $16.44 and a 200-day simple moving average of $19.35.

Marcus (NYSE:MCS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.02). Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. The business had revenue of $148.77 million during the quarter, compared to analysts' expectations of $145.50 million. As a group, analysts predict that The Marcus Co. will post 0.36 earnings per share for the current year.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, May 27th. Marcus's payout ratio is -107.69%.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.