Marcus Corporation (The) $MCS Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of Marcus Corporation (The) (NYSE:MCS - Free Report) by 57.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,340 shares of the company's stock after selling 42,630 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Marcus worth $518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in Marcus by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,932 shares of the company's stock worth $1,601,000 after acquiring an additional 778 shares in the last quarter. Lazard Asset Management LLC increased its stake in 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Marcus by 38.6% during the first 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. Mesirow Financial Investment Management Inc. grew its stake in Marcus by 1.7% in the first quarter. Mesirow Financial Investment Management Inc. now owns 208,170 shares of the company's stock valued at $3,474,000 after purchasing an additional 3,437 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in Marcus in the first quarter valued at about $76,000. Institutional investors own 81.57% of the company's stock.

Marcus Stock Performance

Shares of MCS stock traded up $0.16 during midday trading on Thursday, hitting $15.30. The company had a trading volume of 152,893 shares, compared to its average volume of 206,958. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.39. The company's 50 day simple moving average is $16.23 and its 200 day simple moving average is $16.90. The stock has a market cap of $479.04 million, a price-to-earnings ratio of 34.00, a PEG ratio of 2.89 and a beta of 1.22. Marcus Corporation has a 52-week low of $14.11 and a 52-week high of $23.16.

Marcus (NYSE:MCS - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $206.04 million during the quarter, compared to analysts' expectations of $192.79 million. Research analysts anticipate that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.08 per share. This is a boost from Marcus's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 25th. Marcus's payout ratio is currently 71.11%.

Wall Street Analyst Weigh In

MCS has been the subject of several recent analyst reports. B. Riley started coverage on Marcus in a report on Friday, May 16th. They issued a "buy" rating and a $24.00 price target for the company. Wall Street Zen cut Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Wedbush initiated coverage on Marcus in a research report on Friday, July 18th. They issued an "outperform" rating and a $24.00 price objective for the company. Finally, Barrington Research reiterated an "outperform" rating and set 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $24.50.

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.