Versor Investments LP Buys New Stake in Marcus Corporation (The) $MCS

Key Points

• Versor Investments LP has acquired a new position in Marcus Corporation, purchasing 17,400 shares valued at approximately $290,000, representing a 0.05% ownership stake.
• Marcus Corporation reported a quarterly earnings per share of $0.23, exceeding analysts' expectations of $0.19, alongside a revenue of $206.04 million.
• The company recently declared a quarterly dividend of $0.08 per share, up from $0.07, with a dividend yield of 2.1% and a payout ratio of 62.22%.

Versor Investments LP acquired a new stake in Marcus Corporation (The) (NYSE:MCS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,400 shares of the company's stock, valued at approximately $290,000. Versor Investments LP owned about 0.05% of Marcus as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in MCS. Lazard Asset Management LLC lifted its holdings in Marcus by 2,908.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock valued at $51,000 after acquiring an additional 2,298 shares during the last quarter. Quarry LP acquired a new position in Marcus in the fourth quarter valued at approximately $70,000. Harbor Capital Advisors Inc. purchased a new stake in Marcus in the first quarter valued at approximately $76,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Marcus by 38.6% in 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 during the period. Finally, Janus Henderson Group PLC purchased a new stake in Marcus in the fourth quarter valued at approximately $206,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on MCS shares. Wall Street Zen lowered Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. B. Riley started coverage on Marcus in a research report on Friday, May 16th. They issued a "buy" rating and a $24.00 target price on the stock. Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Marcus in a research report on Monday, August 4th. Finally, Wedbush started coverage on Marcus in a research report on Friday, July 18th. They issued an "outperform" rating and a $24.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $24.50.

Marcus Stock Up 3.8%

Shares of Marcus stock traded up $0.5820 during trading hours on Friday, reaching $15.7320. 264,434 shares of the company were exchanged, compared to its average volume of 298,243. Marcus Corporation has a 1 year low of $13.79 and a 1 year high of $23.16. The stock's fifty day moving average is $16.51 and its 200 day moving average is $17.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $492.57 million, a PE ratio of 34.96, a PEG ratio of 2.94 and a beta of 1.24.

Marcus (NYSE:MCS - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.23 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $192.79 million. As a group, equities research analysts forecast 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. Investors of record on Monday, August 25th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.0%. This is a boost from Marcus's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Monday, August 25th. Marcus's dividend payout ratio is currently 62.22%.

Marcus Company 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.