Cwm LLC Grows Holdings in The Marcus Co. (NYSE:MCS)

Cwm LLC boosted its holdings in The Marcus Co. (NYSE:MCS) by 98.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,709 shares of the company’s stock after purchasing an additional 2,837 shares during the quarter. Cwm LLC’s holdings in Marcus were worth $86,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Millennium Management LLC increased its stake in Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after buying an additional 294,593 shares during the period. Acadian Asset Management LLC increased its stake in Marcus by 133.8% in the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after buying an additional 250,019 shares during the period. AQR Capital Management LLC increased its stake in Marcus by 71.0% in the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after buying an additional 183,909 shares during the period. Squarepoint Ops LLC increased its stake in Marcus by 35.6% in the 2nd quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock valued at $2,638,000 after buying an additional 60,921 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Marcus in the 2nd quarter valued at $539,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Stock Performance

NYSE:MCS opened at $16.66 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.39. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $16.74. The stock has a market cap of $535.62 million, a PE ratio of -22.21 and a beta of 1.52. The firm’s fifty day simple moving average is $15.01 and its 200-day simple moving average is $12.90.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.20). Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. The business had revenue of $176.03 million during the quarter, compared to analysts’ expectations of $170.74 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Analysts expect that The Marcus Co. will post -0.04 earnings per share for the current fiscal year.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, August 26th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.68%. Marcus’s dividend payout ratio is presently -37.33%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $20.00 price objective on shares of Marcus in a research note on Friday, September 20th. Benchmark upped their price target on shares of Marcus from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, B. Riley upped their price target on shares of Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, July 8th.

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.