Dynamic Technology Lab Private Ltd Purchases New Shares in Marcus Corporation (The) $MCS

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Marcus Corporation (The), purchasing 17,900 shares worth approximately $299,000, representing 0.06% ownership as of its latest SEC filing.
• Several institutional investors, including Lazard Asset Management LLC and Harbor Capital Advisors Inc., have significantly increased their holdings in Marcus, collectively reflecting a growing institutional interest which accounts for 81.57% of the company’s stock.
• The company announced a quarterly dividend increase to $0.08 per share, up from $0.07, indicating a solid commitment to returning value to shareholders amidst reported earnings of $0.23 per share for the last quarter.

Dynamic Technology Lab Private Ltd purchased 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 13F filing with the SEC. The institutional investor purchased 17,900 shares of the company's stock, valued at approximately $299,000. Dynamic Technology Lab Private Ltd owned 0.06% of Marcus as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCS. Lazard Asset Management LLC raised 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 valued at $51,000 after buying an additional 2,298 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Marcus during the 1st quarter valued at $76,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 buying an additional 2,424 shares during the period. Janus Henderson Group PLC purchased a new stake in Marcus during the 4th quarter valued at $206,000. Finally, Virtus Investment Advisers Inc. purchased a new stake in Marcus in the fourth quarter worth $226,000. Hedge funds and other institutional investors own 81.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MCS shares. Wedbush started 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 target price on shares of Marcus in a research note on Monday, August 4th. Finally, B. Riley started 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. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $24.50.

Marcus Price Performance

MCS opened at $16.14 on Friday. Marcus Corporation has a 12-month low of $14.13 and a 12-month high of $23.16. 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 business's fifty day simple moving average is $16.04 and its 200-day simple moving average is $16.62. The company has a market capitalization of $505.25 million, a price-to-earnings ratio of 35.86, a PEG ratio of 2.95 and a beta of 1.22.

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

Marcus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 25th. 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%. Marcus's dividend payout ratio is 71.11%.

About Marcus

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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