Squarepoint Ops LLC reduced its stake in The Marcus Co. (NYSE:MCS - Free Report) by 67.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,315 shares of the company's stock after selling 116,459 shares during the period. Squarepoint Ops LLC owned approximately 0.18% of Marcus worth $1,232,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MCS. Renaissance Technologies LLC grew its holdings in Marcus by 303.7% during the 4th quarter. Renaissance Technologies LLC now owns 257,089 shares of the company's stock valued at $5,527,000 after buying an additional 193,400 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Marcus by 1,102.0% in the fourth quarter. Prudential Financial Inc. now owns 142,220 shares of the company's stock valued at $3,058,000 after acquiring an additional 130,388 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Marcus in the fourth quarter valued at approximately $680,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Marcus by 22.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,030 shares of the company's stock valued at $2,194,000 after acquiring an additional 18,929 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Marcus by 28.7% during the fourth quarter. Millennium Management LLC now owns 353,516 shares of the company's stock valued at $7,601,000 after acquiring an additional 78,932 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors.
Marcus Trading Down 3.2%
Shares of NYSE:MCS traded down $0.57 on Wednesday, reaching $17.05. 187,662 shares of the company traded hands, compared to its average volume of 374,070. The stock has a market capitalization of $533.63 million, a P/E ratio of -50.15, a price-to-earnings-growth ratio of 3.12 and a beta of 1.22. The business's 50-day simple moving average is $16.71 and its 200 day simple moving average is $19.05. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $23.16.
Marcus (NYSE:MCS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.02). Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. The firm had revenue of $148.77 million for the quarter, compared to the consensus estimate of $145.50 million. As a group, equities analysts anticipate that The Marcus Co. will post 0.36 EPS for the current fiscal year.
Marcus Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.64%. Marcus's dividend payout ratio is presently -66.67%.
Wall Street Analyst Weigh In
Several research firms have issued reports on MCS. Benchmark reiterated a "buy" rating and issued a $25.00 target price on shares of Marcus in a research note on Friday, April 11th. B. Riley assumed coverage on Marcus in a research report on Friday, May 16th. They issued a "buy" rating and a $24.00 price objective on the stock. Barrington Research reissued an "outperform" rating and set a $25.00 price objective on shares of Marcus in a research note on Friday, May 23rd. Finally, Wall Street Zen cut Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.
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Marcus Company 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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