Caxton Associates LLP Makes New $530,000 Investment 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 purchased a new position in shares of Marcus Corporation (The) (NYSE:MCS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 31,758 shares of the company's stock, valued at approximately $530,000. Caxton Associates LLP owned approximately 0.10% of Marcus as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCS. Lazard Asset Management LLC lifted its holdings in Marcus by 2,908.9% during the 4th quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock worth $51,000 after buying an additional 2,298 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Marcus in the first quarter valued at about $76,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Marcus by 38.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company's stock worth $145,000 after purchasing an additional 2,424 shares during the period. Janus Henderson Group PLC bought a new stake in Marcus during the 4th quarter worth about $206,000. Finally, Virtus Investment Advisers Inc. acquired a new position in Marcus during the 4th quarter valued at about $226,000. Institutional investors and hedge funds own 81.57% of the company's stock.

Analysts Set New Price Targets

MCS has been the topic of several analyst reports. Wedbush initiated coverage on Marcus in a research note on Friday, July 18th. They issued an "outperform" rating and a $24.00 target price on the stock. Barrington Research reiterated an "outperform" rating and issued a $25.00 price target on shares of Marcus in a research report on Monday, August 4th. One equities 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 stock has a consensus rating of "Buy" and an average price target of $24.50.

Marcus Stock Down 0.3%

NYSE MCS traded down $0.04 during mid-day trading on Wednesday, hitting $15.95. The company's stock had a trading volume of 8,294 shares, compared to its average volume of 207,283. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.40. The company's 50 day simple moving average is $16.00 and its 200 day simple moving average is $16.56. The firm has a market capitalization of $499.39 million, a price-to-earnings ratio of 35.62, a PEG ratio of 2.98 and a beta of 1.22. Marcus Corporation has a twelve month low of $14.13 and a twelve month high of $23.16.

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

Marcus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 25th were given a $0.08 dividend. This is an increase from Marcus's previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, August 25th. Marcus's dividend payout ratio (DPR) is 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.