Informed Momentum Co LLC lessened its position in shares of Marcus Corporation (The) (NYSE:MCS - Free Report) by 52.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,796 shares of the company's stock after selling 26,955 shares during the quarter. Informed Momentum Co LLC owned 0.08% of Marcus worth $414,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH purchased a new stake in shares of Marcus in the first quarter worth about $745,000. Renaissance Technologies LLC boosted its stake in shares of Marcus by 303.7% in the fourth 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. Mesirow Financial Investment Management Inc. boosted its stake in shares of Marcus by 1.7% in the first quarter. Mesirow Financial Investment Management Inc. now owns 208,170 shares of the company's stock worth $3,474,000 after buying an additional 3,437 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Marcus by 1,529.9% in the first quarter. GAMMA Investing LLC now owns 69,597 shares of the company's stock worth $1,162,000 after buying an additional 65,327 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Marcus by 28.7% during the fourth quarter. Millennium Management LLC now owns 353,516 shares of the company's stock worth $7,601,000 after purchasing an additional 78,932 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MCS. Wall Street Zen downgraded Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. 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. B. Riley began coverage on Marcus in a research report on Friday, May 16th. They set a "buy" rating and a $24.00 price target on the stock. Finally, Wedbush began coverage on Marcus in a research report on Friday, July 18th. They set an "outperform" rating and a $24.00 price target on the stock. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $24.50.
Check Out Our Latest Stock Analysis on MCS
Marcus Price Performance
Shares of Marcus stock traded up $0.17 during mid-day trading on Monday, reaching $15.11. 55,464 shares of the stock traded hands, compared to its average volume of 206,027. The business has a 50-day moving average of $16.72 and a 200 day moving average of $17.38. Marcus Corporation has a fifty-two week low of $13.34 and a fifty-two week high of $23.16. The stock has a market capitalization of $473.09 million, a PE ratio of 33.58, a PEG ratio of 2.79 and a beta of 1.24. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.40.
Marcus (NYSE:MCS - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $192.79 million. On average, analysts predict that Marcus Corporation will post 0.36 EPS for the current year.
Marcus Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 25th. This is an increase from Marcus's previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.1%. Marcus's payout ratio is currently 62.22%.
Marcus Profile
(
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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