Trexquant Investment LP raised its position in shares of Marcus Corporation (The) (NYSE:MCS - Free Report) by 305.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,453 shares of the company's stock after purchasing an additional 63,602 shares during the period. Trexquant Investment LP owned approximately 0.27% of Marcus worth $1,410,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Marcus by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 95,932 shares of the company's stock valued at $1,601,000 after purchasing an additional 778 shares in the last quarter. Lazard Asset Management LLC raised its position in Marcus by 2,908.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock valued at $51,000 after purchasing an additional 2,298 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 purchasing an additional 2,424 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its position in Marcus by 1.7% during 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 in the last quarter. Finally, Oarsman Capital Inc. grew its stake in shares of Marcus by 14.9% during the first quarter. Oarsman Capital Inc. now owns 28,475 shares of the company's stock worth $475,000 after buying an additional 3,700 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.
Marcus Trading Up 3.8%
Shares of Marcus stock traded up $0.59 during trading on Thursday, hitting $16.07. The company's stock had a trading volume of 247,082 shares, compared to its average volume of 196,435. 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 52 week low of $14.13 and a 52 week high of $23.16. The stock has a market cap of $503.17 million, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. The stock has a 50-day moving average price of $16.06 and a two-hundred day moving average price of $16.65.
Marcus (NYSE:MCS - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.23 earnings per share 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. Equities research analysts anticipate that Marcus Corporation will post 0.36 EPS for the current fiscal year.
Marcus Increases Dividend
The firm also recently disclosed 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 is a positive change from Marcus's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 25th. Marcus's payout ratio is presently 71.11%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price on shares of Marcus in a research note on Monday, August 4th. Wall Street Zen cut shares of Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Wedbush assumed coverage on shares of Marcus in a research note on Friday, July 18th. They set an "outperform" rating and a $24.00 target price on the stock. Finally, B. Riley assumed coverage on shares of Marcus in a research note on Friday, May 16th. They set a "buy" rating and a $24.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $24.50.
Read Our Latest Stock Report on MCS
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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