Schonfeld Strategic Advisors LLC bought a new position in shares of The Marcus Co. (NYSE:MCS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,100 shares of the company's stock, valued at approximately $346,000. Schonfeld Strategic Advisors LLC owned approximately 0.05% of Marcus as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in MCS. Renaissance Technologies LLC boosted its stake in Marcus by 303.7% in the fourth quarter. Renaissance Technologies LLC now owns 257,089 shares of the company's stock valued at $5,527,000 after buying an additional 193,400 shares in the last quarter. Prudential Financial Inc. grew its holdings in Marcus by 1,102.0% during the 4th quarter. Prudential Financial Inc. now owns 142,220 shares of the company's stock worth $3,058,000 after acquiring an additional 130,388 shares during the period. Proficio Capital Partners LLC acquired a new position in Marcus in the fourth quarter valued at approximately $680,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Marcus by 22.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,030 shares of the company's stock worth $2,194,000 after acquiring an additional 18,929 shares in the last quarter. Finally, Barclays PLC grew its position in Marcus by 135.3% in the 3rd quarter. Barclays PLC now owns 392,388 shares of the company's stock valued at $5,913,000 after purchasing an additional 225,644 shares during the period. 81.57% of the stock is owned by institutional investors.
Marcus Trading Down 0.9%
Shares of NYSE MCS traded down $0.16 during mid-day trading on Wednesday, reaching $17.24. The company had a trading volume of 197,341 shares, compared to its average volume of 401,336. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $23.16. The stock has a market cap of $547.35 million, a price-to-earnings ratio of -50.71, a price-to-earnings-growth ratio of 3.12 and a beta of 1.22. The business's 50-day moving average is $16.46 and its 200-day moving average is $19.38. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.
Marcus (NYSE:MCS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.02). The company had revenue of $148.77 million for the quarter, compared to analysts' expectations of $145.50 million. Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. Equities analysts expect that The Marcus Co. will post 0.36 earnings per share for the current year.
Marcus Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, May 27th. Marcus's dividend payout ratio is currently -66.67%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on MCS shares. Barrington Research reissued an "outperform" rating and issued a $25.00 price target on shares of Marcus in a report on Tuesday, May 6th. StockNews.com raised Marcus from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Benchmark restated a "buy" rating and set a $25.00 target price on shares of Marcus in a report on Friday, April 11th.
Get Our Latest Stock Analysis on MCS
Marcus 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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