XTX Topco Ltd Takes Position in Marcus Corporation (The) (NYSE:MCS)

XTX Topco Ltd purchased a new stake in Marcus Corporation (The) (NYSE:MCS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 32,817 shares of the company's stock, valued at approximately $548,000. XTX Topco Ltd owned approximately 0.10% of Marcus as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Marcus by 0.8% in the fourth quarter. Invesco Ltd. now owns 64,448 shares of the company's stock worth $1,386,000 after purchasing an additional 511 shares during the period. Sterling Capital Management LLC lifted its stake in Marcus by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 8,876 shares of the company's stock valued at $191,000 after acquiring an additional 693 shares during the last quarter. Bank of Montreal Can lifted its stake in Marcus by 0.6% in the fourth quarter. Bank of Montreal Can now owns 259,666 shares of the company's stock valued at $5,583,000 after acquiring an additional 1,536 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Marcus by 2,908.9% in the 4th quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock valued at $51,000 after buying an additional 2,298 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Marcus by 38.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company's stock valued at $145,000 after buying an additional 2,424 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCS has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Wedbush initiated coverage on shares of Marcus in a report on Friday, July 18th. They set an "outperform" rating and a $24.00 price objective on the stock. B. Riley started coverage on shares of Marcus in a research report on Friday, May 16th. They set a "buy" rating and a $24.00 target price for the company. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Marcus in a research note on Monday, August 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $24.50.

Marcus Trading Down 3.5%

NYSE:MCS traded down $0.53 during midday trading on Friday, reaching $14.57. 320,334 shares of the stock traded hands, compared to its average volume of 264,020. Marcus Corporation has a 12 month low of $12.68 and a 12 month high of $23.16. The stock has a market capitalization of $455.95 million, a P/E ratio of 32.37, a PEG ratio of 2.73 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 company has a fifty day moving average of $16.96 and a 200 day moving average of $17.58.

Marcus (NYSE:MCS - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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 business had revenue of $206.04 million for the quarter, compared to analysts' expectations of $192.79 million. On average, research analysts predict that Marcus Corporation will post 0.36 EPS for the current year.

Marcus Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend 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 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.