KLCM Advisors Inc. Increases Stock Position in Marcus Corporation (The) $MCS

Key Points

• KLCM Advisors Inc. increased its stake in Marcus Corporation by 4.4%, owning 1,063,254 shares worth approximately $17.75 million, making it the firm's 10th largest holding.
• Marcus Corporation announced a quarterly dividend of $0.08, representing a 2.1% yield, with the previous quarterly dividend being $0.07.
• Analysts have a consensus rating of "Buy" for Marcus Corporation, with a projected price target of $24.50, and recent earnings reported exceeded expectations.

KLCM Advisors Inc. lifted its position in Marcus Corporation (The) (NYSE:MCS - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,063,254 shares of the company's stock after buying an additional 44,621 shares during the period. Marcus comprises 2.1% of KLCM Advisors Inc.'s holdings, making the stock its 10th largest position. KLCM Advisors Inc. owned 3.35% of Marcus worth $17,746,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Marcus by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 1,500,287 shares of the company's stock valued at $25,040,000 after buying an additional 59,336 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Marcus by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,481,190 shares of the company's stock worth $31,845,000 after buying an additional 24,325 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Marcus by 28.7% during the 4th quarter. Millennium Management LLC now owns 353,516 shares of the company's stock worth $7,601,000 after buying an additional 78,932 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Marcus by 2.7% during the 4th quarter. AQR Capital Management LLC now owns 303,022 shares of the company's stock worth $6,515,000 after buying an additional 7,981 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Marcus by 303.7% during the 4th quarter. Renaissance Technologies LLC now owns 257,089 shares of the company's stock worth $5,527,000 after buying an additional 193,400 shares during the last quarter. Institutional investors own 81.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. B. Riley started coverage on shares of Marcus in a research note on Friday, May 16th. They set a "buy" rating and a $24.00 price objective for the company. 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. Wall Street Zen downgraded shares of Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Wedbush started coverage on shares of Marcus in a research note on Friday, July 18th. They issued an "outperform" rating and a $24.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $24.50.

Marcus Stock Performance

Marcus stock traded down $0.0510 during trading hours on Tuesday, hitting $15.0590. The company had a trading volume of 58,222 shares, compared to its average volume of 205,839. The firm has a market cap of $471.50 million, a PE ratio of 33.46, a PEG ratio of 2.79 and a beta of 1.24. 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 one year low of $13.65 and a one year high of $23.16. The firm has a 50-day moving average of $16.67 and a 200 day moving average of $17.34.

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

Marcus Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be issued 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, August 25th. Marcus's payout ratio is 62.22%.

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.