17,400 Shares in Marcus Corporation (The) $MCS Bought by Versor Investments LP

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

A number of other hedge funds and other institutional investors have also made changes to their positions in MCS. Lazard Asset Management LLC raised its holdings in shares of Marcus by 2,908.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock worth $51,000 after buying an additional 2,298 shares during the last quarter. Quarry LP purchased a new position in shares of Marcus in the fourth quarter worth $70,000. Harbor Capital Advisors Inc. purchased a new position in shares of Marcus in the first quarter worth $76,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Marcus by 38.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company's stock worth $145,000 after buying an additional 2,424 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Marcus in the fourth quarter worth $206,000. Hedge funds and other institutional investors own 81.57% of the company's stock.

Marcus Stock Up 1.1%

MCS traded up $0.17 during trading hours on Wednesday, hitting $15.61. 141,406 shares of the company's stock were exchanged, compared to its average volume of 294,648. Marcus Corporation has a 12-month low of $13.85 and a 12-month high of $23.16. The firm has a 50 day moving average of $16.40 and a 200 day moving average of $17.12. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.40. The firm has a market cap of $488.72 million, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 2.89 and a beta of 1.24.

Marcus (NYSE:MCS - Get Free Report) last announced its quarterly earnings data 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 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 the consensus estimate of $192.79 million. Analysts predict 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. Stockholders of record on Monday, August 25th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, August 25th. This is a positive change from Marcus's previous quarterly dividend of $0.07. Marcus's dividend payout ratio (DPR) is currently 71.11%.

Analyst Upgrades and Downgrades

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

About Marcus

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.