Bailard Inc. bought a new position in Marcus Corporation (The) (NYSE:MCS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,900 shares of the company's stock, valued at approximately $249,000.
A number of other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its stake 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 acquiring an additional 246,375 shares during the period. Renaissance Technologies LLC lifted its stake in 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 period. American Century Companies Inc. lifted its stake in Marcus by 23.4% during the 4th quarter. American Century Companies Inc. now owns 736,619 shares of the company's stock valued at $15,837,000 after acquiring an additional 139,577 shares during the period. Prudential Financial Inc. lifted its stake in Marcus by 1,102.0% during the 4th quarter. Prudential Financial Inc. now owns 142,220 shares of the company's stock valued at $3,058,000 after acquiring an additional 130,388 shares during the period. Finally, Covalent Partners LLC bought a new position in Marcus during the 4th quarter valued at about $1,720,000. Institutional investors own 81.57% of the company's stock.
Marcus Trading Up 3.3%
Marcus stock opened at $17.81 on Monday. The firm has a 50 day moving average of $17.31 and a 200 day moving average of $17.97. The firm has a market capitalization of $557.45 million, a price-to-earnings ratio of -42.40, a P/E/G ratio of 3.09 and a beta of 1.24. Marcus Corporation has a 12-month low of $11.44 and a 12-month high of $23.16. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.45.
Marcus (NYSE:MCS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.02). Marcus had a positive return on equity of 1.51% and a negative net margin of 1.71%. The firm had revenue of $148.77 million during the quarter, compared to analysts' expectations of $145.50 million. As a group, research analysts predict that Marcus Corporation will post 0.36 earnings per share for the current year.
Marcus Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Tuesday, May 27th. Marcus's dividend payout ratio (DPR) is currently -66.67%.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Benchmark reiterated a "buy" rating and issued a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th. Wedbush started coverage on shares of Marcus in a research note on Friday. They issued an "outperform" rating and a $24.00 price objective on the stock. Barrington Research reiterated an "outperform" rating and issued a $25.00 price objective on shares of Marcus in a research note on Friday, May 23rd. Finally, 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 objective on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Marcus currently has a consensus rating of "Buy" and a consensus target price of $24.50.
View Our Latest Research Report on Marcus
About Marcus
(
Free Report)
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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