Bailard Inc. purchased a new stake in Marcus Corporation (The) (NYSE:MCS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,900 shares of the company's stock, valued at approximately $249,000.
Several other large investors have also recently bought and sold shares of MCS. Lazard Asset Management LLC boosted its stake in Marcus by 2,908.9% during the fourth 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. Quarry LP purchased a new stake in shares of Marcus in the 4th quarter valued at about $70,000. Harbor Capital Advisors Inc. bought a new stake in shares of Marcus during the 1st quarter valued at about $76,000. National Bank of Canada FI increased its position in shares of Marcus by 407,500.0% in the fourth quarter. National Bank of Canada FI now owns 4,076 shares of the company's stock worth $88,000 after purchasing an additional 4,075 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Marcus in the fourth quarter worth approximately $114,000. 81.57% of the stock is owned by institutional investors.
Marcus Trading Down 1.5%
Shares of Marcus stock traded down $0.27 during trading on Thursday, reaching $17.82. The company's stock had a trading volume of 163,092 shares, compared to its average volume of 195,476. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.45. Marcus Corporation has a 52-week low of $11.66 and a 52-week high of $23.16. The firm's 50-day moving average is $17.36 and its two-hundred day moving average is $17.92. The company has a market cap of $557.70 million, a price-to-earnings ratio of -42.42, a PEG ratio of 2.99 and a beta of 1.24.
Marcus (NYSE:MCS - Get Free Report) last posted its quarterly 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). The business had revenue of $148.77 million for the quarter, compared to analysts' expectations of $145.50 million. Marcus had a negative net margin of 1.71% and a positive return on equity of 1.51%. On average, sell-side analysts anticipate that Marcus Corporation will post 0.36 earnings per share for the current year.
Marcus Announces Dividend
The business 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. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $0.28 annualized dividend and a yield of 1.57%. Marcus's payout ratio is -66.67%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on MCS shares. Wall Street Zen lowered shares of Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Benchmark reiterated a "buy" rating and issued a $25.00 target price on shares of Marcus in a research report on Friday, April 11th. B. Riley initiated coverage on Marcus in a research note on Friday, May 16th. They issued a "buy" rating and a $24.00 target price on the stock. Barrington Research reaffirmed an "outperform" rating and set a $25.00 price target on shares of Marcus in a research note on Friday, May 23rd. Finally, Wedbush started coverage on Marcus in a research report on Friday, July 18th. They set an "outperform" rating and a $24.00 price objective on the stock. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $24.50.
View Our Latest Stock Report on MCS
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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