Marcus Corporation (The) (NYSE:MCS) Shares Sold by Informed Momentum Co LLC

Key Points

• Informed Momentum Co LLC reduced its stake in Marcus Corporation by 52.1%, owning 24,796 shares valued at approximately $414,000, after selling 26,955 shares in the first quarter.
• Marcus Corporation reported earnings of $0.23 per share for the last quarter, exceeding analysts' estimates of $0.19 and also announced a quarterly dividend increase to $0.08 per share.
• Currently, institutional investors hold 81.57% of Marcus Corporation's stock, with multiple firms adjusting their positions in the company recently.

Informed Momentum Co LLC lessened its stake in Marcus Corporation (The) (NYSE:MCS - Free Report) by 52.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,796 shares of the company's stock after selling 26,955 shares during the period. Informed Momentum Co LLC owned 0.08% of Marcus worth $414,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its position in Marcus by 2,908.9% during the 4th 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. Quarry LP acquired a new position in Marcus during the 4th quarter worth approximately $70,000. Harbor Capital Advisors Inc. acquired a new position in Marcus during the 1st quarter worth approximately $76,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Marcus by 38.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company's stock worth $145,000 after purchasing an additional 2,424 shares during the period. Finally, Sterling Capital Management LLC increased its position in Marcus by 8.5% during the 4th quarter. Sterling Capital Management LLC now owns 8,876 shares of the company's stock worth $191,000 after purchasing an additional 693 shares during the period. Institutional investors and hedge funds own 81.57% of the company's stock.

Marcus Stock Performance

MCS opened at $15.45 on Thursday. The stock has a market cap of $483.74 million, a P/E ratio of 34.33, a P/E/G ratio of 2.86 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. The stock's 50 day simple moving average is $16.81 and its 200 day simple moving average is $17.50. Marcus Corporation has a 1-year low of $13.26 and a 1-year high of $23.16.

Marcus (NYSE:MCS - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.23 earnings per share (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 firm had revenue of $206.04 million for the quarter, compared to analyst estimates of $192.79 million. As a group, equities analysts anticipate that Marcus Corporation will post 0.36 EPS for the current fiscal year.

Marcus Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 25th. This is an increase from Marcus's previous quarterly dividend of $0.07. Marcus's dividend payout ratio is currently 62.22%.

Analyst Upgrades and Downgrades

MCS has been the topic of several recent analyst reports. Wall Street Zen cut Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Barrington Research restated an "outperform" rating and issued a $25.00 price target on shares of Marcus in a report on Monday, August 4th. B. Riley assumed coverage on Marcus in a report on Friday, May 16th. They issued a "buy" rating and a $24.00 price target on the stock. Finally, Wedbush assumed coverage on Marcus in a report on Friday, July 18th. They issued an "outperform" rating and a $24.00 price target on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Marcus currently has an average rating of "Buy" and a consensus target price of $24.50.

Marcus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.