The Marcus Co. (NYSE:MCS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in The Marcus Co. (NYSE:MCS - Free Report) by 1,529.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,597 shares of the company's stock after purchasing an additional 65,327 shares during the period. GAMMA Investing LLC owned about 0.22% of Marcus worth $1,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lazard Asset Management LLC grew its holdings in shares of Marcus by 2,908.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock worth $51,000 after purchasing an additional 2,298 shares during the last quarter. Quarry LP purchased a new stake in Marcus in the 4th quarter valued at about $70,000. National Bank of Canada FI grew its stake in Marcus by 407,500.0% in the 4th quarter. National Bank of Canada FI now owns 4,076 shares of the company's stock worth $88,000 after acquiring an additional 4,075 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Marcus during the fourth quarter worth approximately $114,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Marcus during the fourth quarter valued at approximately $130,000. Hedge funds and other institutional investors own 81.57% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Benchmark restated a "buy" rating and issued a $25.00 price objective on shares of Marcus in a report on Friday, April 11th. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Marcus in a research note on Friday, May 23rd. Finally, B. Riley began coverage on shares of Marcus in a research report on Friday, May 16th. They set a "buy" rating and a $24.00 target price on the stock.

Marcus Stock Up 1.3%

Shares of NYSE MCS traded up $0.23 during mid-day trading on Monday, reaching $17.31. 122,698 shares of the company were exchanged, compared to its average volume of 347,012. The Marcus Co. has a 1 year low of $10.45 and a 1 year high of $23.16. The firm has a 50-day moving average of $16.90 and a 200 day moving average of $18.78. The stock has a market cap of $541.61 million, a price-to-earnings ratio of -50.90, a P/E/G ratio of 3.12 and a beta of 1.28. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus (NYSE:MCS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.02). Marcus had a positive return on equity of 1.39% and a negative net margin of 1.44%. The firm had revenue of $148.77 million during the quarter, compared to analysts' expectations of $145.50 million. On average, research analysts expect that The Marcus Co. will post 0.36 earnings per share for the current year.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, May 27th. Marcus's payout ratio is presently -66.67%.

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.