GAMMA Investing LLC raised its holdings in Marcus Corporation (The) (NYSE:MCS - Free Report) by 1,529.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,597 shares of the company's stock after acquiring an additional 65,327 shares during the period. GAMMA Investing LLC owned approximately 0.22% of Marcus worth $1,162,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. grew its position in Marcus by 0.8% in the fourth quarter. Invesco Ltd. now owns 64,448 shares of the company's stock worth $1,386,000 after acquiring an additional 511 shares in the last quarter. Sterling Capital Management LLC raised its position in Marcus by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 8,876 shares of the company's stock valued at $191,000 after purchasing an additional 693 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Marcus by 2.2% in the 4th quarter. Swiss National Bank now owns 47,100 shares of the company's stock worth $1,013,000 after purchasing an additional 1,000 shares in the last quarter. Bank of Montreal Can increased its position in shares of Marcus by 0.6% during the 4th quarter. Bank of Montreal Can now owns 259,666 shares of the company's stock valued at $5,583,000 after purchasing an additional 1,536 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of 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 purchasing an additional 2,298 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company's stock.
Marcus Trading Down 0.6%
Marcus stock traded down $0.10 during trading hours on Thursday, reaching $17.16. The company had a trading volume of 115,623 shares, compared to its average volume of 340,823. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.42 and a quick ratio of 0.42. Marcus Corporation has a 12-month low of $10.45 and a 12-month high of $23.16. The company has a 50-day moving average price of $16.97 and a 200 day moving average price of $18.72. The firm has a market cap of $537.14 million, a price-to-earnings ratio of -40.86, a P/E/G ratio of 2.91 and a beta of 1.28.
Marcus (NYSE:MCS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.52) by ($0.02). Marcus had a positive return on equity of 1.51% and a negative net margin of 1.71%. The firm had revenue of $148.77 million during the quarter, compared to analysts' expectations of $145.50 million. Equities analysts forecast that Marcus Corporation will post 0.36 earnings per share for the current year.
Marcus Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, May 27th. Marcus's dividend payout ratio (DPR) is -66.67%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on MCS shares. B. Riley initiated coverage on Marcus in a research report on Friday, May 16th. They issued a "buy" rating and a $24.00 target price for the company. Wall Street Zen lowered shares of Marcus from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Benchmark reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th. Finally, Barrington Research reiterated an "outperform" rating and issued a $25.00 target price on shares of Marcus in a research report on Friday, May 23rd.
Check Out Our Latest Analysis on Marcus
About Marcus
(
Free Report)
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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