XTX Topco Ltd Makes New Investment in Marcus Corporation (The) (NYSE:MCS)

XTX Topco Ltd bought a new position in Marcus Corporation (The) (NYSE:MCS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 32,817 shares of the company's stock, valued at approximately $548,000. XTX Topco Ltd owned about 0.10% of Marcus at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Allianz Asset Management GmbH bought a new stake in shares of Marcus in the 1st quarter worth approximately $745,000. Renaissance Technologies LLC raised its position in Marcus by 303.7% in the 4th quarter. Renaissance Technologies LLC now owns 257,089 shares of the company's stock worth $5,527,000 after purchasing an additional 193,400 shares during the period. GAMMA Investing LLC raised its position in Marcus by 1,529.9% in the 1st quarter. GAMMA Investing LLC now owns 69,597 shares of the company's stock worth $1,162,000 after purchasing an additional 65,327 shares during the period. Millennium Management LLC lifted its stake in Marcus by 28.7% in the fourth quarter. Millennium Management LLC now owns 353,516 shares of the company's stock worth $7,601,000 after purchasing an additional 78,932 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in Marcus during the first quarter valued at about $249,000. Hedge funds and other institutional investors own 81.57% of the company's stock.

Marcus Trading Down 3.5%

Shares of NYSE MCS traded down $0.53 during trading hours on Friday, hitting $14.57. The company's stock had a trading volume of 320,334 shares, compared to its average volume of 204,586. Marcus Corporation has a 12 month low of $12.68 and a 12 month high of $23.16. The stock has a market cap of $455.92 million, a price-to-earnings ratio of 32.37, a P/E/G ratio of 2.75 and a beta of 1.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 0.39. The business has a 50-day simple moving average of $17.04 and a 200-day simple moving average of $17.64.

Marcus (NYSE:MCS - Get Free Report) last released 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 return on equity of 4.28% and a net margin of 1.91%. The business had revenue of $206.04 million during the quarter, compared to analysts' expectations of $192.79 million. On average, analysts anticipate that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.2%. 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 payout ratio is presently 71.11%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MCS. Wedbush assumed coverage on Marcus in a report on Friday, July 18th. They issued an "outperform" rating and a $24.00 price objective on the stock. Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Marcus in a research report on Monday. Wall Street Zen cut Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Benchmark reissued a "buy" rating and set a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th. Finally, B. Riley assumed coverage on shares of Marcus in a report on Friday, May 16th. They issued a "buy" rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $24.50.

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.