Caxton Associates LLP Takes $530,000 Position in Marcus Corporation (The) $MCS

Key Points

• Caxton Associates LLP has made a new investment in Marcus Corporation, purchasing 31,758 shares valued at approximately $530,000, which represents about 0.10% of the company's stock.
• Marcus Corporation recently declared a quarterly dividend increase to $0.08 per share, resulting in a 2.0% annual yield, boosted from the previous quarterly rate of $0.07.
• Several brokerages have provided mixed ratings for Marcus, with Wall Street Zen downgrading the stock from "buy" to "hold," while B. Riley set a new "buy" rating with a price target of $24.00.

Caxton Associates LLP bought a new stake in shares of Marcus Corporation (The) (NYSE:MCS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,758 shares of the company's stock, valued at approximately $530,000. Caxton Associates LLP owned approximately 0.10% of Marcus at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

MCS has been the topic of several research analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price on shares of Marcus in a research note on Monday, August 4th. Wedbush assumed coverage on Marcus in a report on Friday, July 18th. They set an "outperform" rating and a $24.00 price target for the company. One investment 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 has a consensus rating of "Buy" and a consensus target price of $24.50.

Marcus Stock Performance

MCS traded up $0.12 on Monday, hitting $16.22. The company had a trading volume of 312,163 shares, compared to its average volume of 208,223. The company's fifty day moving average price is $16.04 and its 200 day moving average price is $16.58. Marcus Corporation has a 1-year low of $14.13 and a 1-year high of $23.16. 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 stock has a market cap of $507.80 million, a price-to-earnings ratio of 36.04, a price-to-earnings-growth ratio of 2.95 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 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Marcus had a return on equity of 4.28% and a net margin of 1.91%.The firm had revenue of $206.04 million during the quarter, compared to analyst estimates of $192.79 million. Equities analysts predict that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Marcus's previous quarterly dividend of $0.07. The ex-dividend date is Monday, August 25th. Marcus's dividend payout ratio is presently 71.11%.

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.