17,900 Shares in Marcus Corporation (The) $MCS Bought by Dynamic Technology Lab Private Ltd

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) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,900 shares of the company's stock, valued at approximately $299,000. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Marcus at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD bought a new position in Marcus in the 4th quarter worth about $234,000. Bank of America Corp DE raised its holdings in Marcus by 6.6% in the fourth quarter. Bank of America Corp DE now owns 75,285 shares of the company's stock worth $1,619,000 after buying an additional 4,669 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Marcus by 17.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 55,398 shares of the company's stock worth $1,191,000 after buying an additional 8,267 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Marcus during the fourth quarter valued at approximately $206,000. Finally, Lazard Asset Management LLC increased its position 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 acquiring an additional 2,298 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company's stock.

Marcus Stock Performance

Shares of MCS traded up $0.20 during trading hours on Thursday, hitting $16.10. The stock had a trading volume of 199,319 shares, compared to its average volume of 204,684. The firm has a market capitalization of $504.09 million, a PE ratio of 35.78, a PEG ratio of 2.92 and a beta of 1.22. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.39. Marcus Corporation has a 12 month low of $14.13 and a 12 month high of $23.16. The stock has a fifty day moving average price of $15.95 and a 200 day moving average price of $16.54.

Marcus (NYSE:MCS - Get Free Report) last announced 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. 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 analysts' expectations of $192.79 million. Analysts anticipate that Marcus Corporation will post 0.36 EPS for the current year.

Marcus Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.0%. This is a positive change from Marcus's previous quarterly dividend of $0.07. The ex-dividend date was Monday, August 25th. Marcus's dividend payout ratio (DPR) is presently 71.11%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Marcus in a research report on Monday, August 4th. Wedbush initiated coverage on Marcus in a research note on Friday, July 18th. They issued an "outperform" rating and a $24.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, Marcus has a consensus rating of "Buy" and an average target price of $24.50.

Marcus 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.