Marcus Corporation (The) $MCS Stake Reduced by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC has decreased its stake in Marcus Corporation by 10.4%, now holding approximately 1.40% of the company, amounting to about $7.4 million.
• Marcus Corporation recently reported quarterly earnings of $0.23 per share, exceeding expectations, and has announced an increase in its quarterly dividend from $0.07 to $0.08 per share.
• Institutional investors own 81.57% of Marcus Corporation's stock, with several firms, including PDT Partners and Panagora Asset Management, significantly increasing their holdings during the first quarter.

Bridgeway Capital Management LLC decreased its holdings in Marcus Corporation (The) (NYSE:MCS - Free Report) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 443,524 shares of the company's stock after selling 51,438 shares during the quarter. Bridgeway Capital Management LLC owned about 1.40% of Marcus worth $7,402,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 2,298 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Marcus in the 1st quarter worth approximately $76,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Marcus by 38.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company's stock worth $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 $206,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in shares of Marcus during the fourth quarter worth $226,000. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Trading Up 0.9%

Shares of NYSE:MCS traded up $0.13 during trading on Friday, reaching $15.42. 142,190 shares of the company were exchanged, compared to its average volume of 211,195. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.39. The business's fifty day simple moving average is $16.17 and its 200-day simple moving average is $16.74. Marcus Corporation has a 12-month low of $14.11 and a 12-month high of $23.16. The firm has a market capitalization of $482.80 million, a PE ratio of 34.27, a P/E/G ratio of 2.88 and a beta of 1.22.

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

Marcus Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on MCS shares. Wedbush assumed coverage on Marcus in a research report on Friday, July 18th. They set an "outperform" rating and a $24.00 price objective for the company. B. Riley started coverage on Marcus in a report on Friday, May 16th. They set a "buy" rating and a $24.00 target price on the stock. Wall Street Zen lowered Marcus from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Barrington Research restated an "outperform" rating and set a $25.00 target price on shares of Marcus in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target 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.