Allianz Asset Management GmbH Takes $745,000 Position in Marcus Corporation (The) (NYSE:MCS)

Key Points

• Allianz Asset Management GmbH has acquired approximately $745,000 worth of shares in Marcus Corporation, representing about 0.14% of the company.
• Institutional investors collectively own 81.57% of Marcus Corporation's stock, with significant investments from firms like Lazard Asset Management and National Bank of Canada FI.
• The stock has seen recent analyst activity, with one hold rating, three buy ratings, and a consensus target price of $24.50 according to MarketBeat data.

Allianz Asset Management GmbH purchased a new position in Marcus Corporation (The) (NYSE:MCS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,637 shares of the company's stock, valued at approximately $745,000. Allianz Asset Management GmbH owned 0.14% of Marcus at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in shares of Marcus by 303.7% during the 4th quarter. Renaissance Technologies LLC now owns 257,089 shares of the company's stock valued at $5,527,000 after acquiring an additional 193,400 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Marcus by 1,529.9% during the 1st quarter. GAMMA Investing LLC now owns 69,597 shares of the company's stock valued at $1,162,000 after acquiring an additional 65,327 shares during the last quarter. Millennium Management LLC raised its holdings in Marcus by 28.7% during the 4th quarter. Millennium Management LLC now owns 353,516 shares of the company's stock valued at $7,601,000 after buying an additional 78,932 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Marcus by 69.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 599,118 shares of the company's stock valued at $12,881,000 after buying an additional 246,375 shares during the period. Finally, Bailard Inc. purchased a new stake in Marcus during the 1st quarter valued at $249,000. 81.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MCS shares. Wedbush started coverage on Marcus in a report on Friday, July 18th. They set an "outperform" rating and a $24.00 price target on the stock. B. Riley started coverage on Marcus in a report on Friday, May 16th. They set a "buy" rating and a $24.00 price target on the stock. Benchmark restated a "buy" rating and set a $25.00 price target on shares of Marcus in a report on Friday, April 11th. Wall Street Zen lowered Marcus from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Barrington Research reiterated an "outperform" rating and issued a $25.00 target price on shares of Marcus in a research note on Monday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Marcus currently has a consensus rating of "Buy" and a consensus target price of $24.50.

Marcus Stock Performance

Shares of NYSE:MCS traded down $0.29 during trading on Tuesday, hitting $14.50. The stock had a trading volume of 162,134 shares, compared to its average volume of 200,556. Marcus Corporation has a 12-month low of $12.47 and a 12-month high of $23.16. The stock has a market capitalization of $453.70 million, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.46 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $17.26 and a two-hundred day simple moving average of $17.71.

Marcus (NYSE:MCS - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $206.04 million during the quarter, compared to analysts' expectations of $192.79 million. Marcus had a return on equity of 4.28% and a net margin of 1.91%. On average, equities research analysts expect that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, May 27th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, May 27th. Marcus's payout ratio is presently 62.22%.

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.