Ancora Advisors LLC Sells 29,345 Shares of Marcus Corporation (The) $MCS

Key Points

• Ancora Advisors LLC has reduced its holdings in Marcus Corporation by 38.5%, selling 29,345 shares, and now owns about 0.15% of the company, valued at $784,000.
• Marcus Corporation recently announced a quarterly dividend increase to $0.08 per share, representing a yield of 2.1% and a payout ratio of 71.11%.
• Equities analysts generally maintain a Buy rating on Marcus stock, with a consensus target price of $24.50, indicating an optimistic outlook for future growth.

Ancora Advisors LLC reduced its position in Marcus Corporation (The) (NYSE:MCS - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,948 shares of the company's stock after selling 29,345 shares during the quarter. Ancora Advisors LLC owned about 0.15% of Marcus worth $784,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC increased its holdings in Marcus by 2,908.9% in the 4th quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock valued at $51,000 after buying an additional 2,298 shares during the period. Harbor Capital Advisors Inc. bought a new position in Marcus in the 1st quarter valued at about $76,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Marcus by 38.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company's stock valued at $145,000 after buying an additional 2,424 shares during the period. Janus Henderson Group PLC bought a new position in Marcus in the 4th quarter valued at about $206,000. Finally, Virtus Investment Advisers Inc. bought a new position in Marcus in the 4th quarter valued at about $226,000. 81.57% of the stock is owned by institutional investors.

Marcus Stock Up 0.9%

NYSE:MCS opened at $15.42 on Friday. The firm's 50 day simple moving average is $16.17 and its 200 day simple moving average is $16.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.39. Marcus Corporation has a one year low of $14.11 and a one year high of $23.16. The company has a market cap of $482.80 million, a PE ratio of 34.27, a P/E/G ratio of 2.86 and a beta of 1.22.

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

Marcus Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 25th. This represents a $0.32 annualized dividend and a yield of 2.1%. This is a boost from Marcus's previous quarterly dividend of $0.07. Marcus's dividend payout ratio is 71.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Marcus in a report on Monday, August 4th. Wall Street Zen downgraded shares of Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. B. Riley started coverage on shares of Marcus in a research note on Friday, May 16th. They issued a "buy" rating and a $24.00 price target on the stock. Finally, Wedbush started coverage on shares of Marcus in a research note on Friday, July 18th. They issued an "outperform" rating and a $24.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $24.50.

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.

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