Victory Capital Management Inc. Raises Stake in The Marcus Co. (NYSE:MCS)

Victory Capital Management Inc. boosted its stake in The Marcus Co. (NYSE:MCS) by 32.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,405 shares of the company’s stock after purchasing an additional 22,955 shares during the quarter. Victory Capital Management Inc. owned approximately 0.29% of Marcus worth $1,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MCS. Parallel Advisors LLC raised its position in shares of Marcus by 193.2% in the fourth quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after buying an additional 1,246 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Marcus during the 2nd quarter valued at about $30,000. CWM LLC grew its holdings in shares of Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after purchasing an additional 2,788 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in Marcus in the 1st quarter worth approximately $169,000. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Marcus in the 1st quarter worth $173,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. B. Riley upped their target price on shares of Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Barrington Research reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Marcus in a research note on Friday. StockNews.com cut shares of Marcus from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Finally, Benchmark restated a “buy” rating and set a $18.00 price target on shares of Marcus in a research report on Monday, July 29th.

Marcus Stock Performance

NYSE:MCS opened at $14.85 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $15.88. The firm has a market cap of $477.50 million, a PE ratio of 61.88 and a beta of 1.52. The business has a 50 day moving average price of $13.30 and a 200-day moving average price of $12.64.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). The firm had revenue of $176.03 million for the quarter, compared to the consensus estimate of $170.74 million. Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. During the same quarter in the prior year, the company earned $0.35 earnings per share. Equities research analysts predict that The Marcus Co. will post -0.14 earnings per share for the current year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, August 26th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.89%. Marcus’s dividend payout ratio is currently 116.67%.

Marcus 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.