Marquette Asset Management LLC Takes Position in The Marcus Co. (NYSE:MCS)

Marquette Asset Management LLC purchased a new position in The Marcus Co. (NYSE:MCS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,728 shares of the company’s stock, valued at approximately $327,000. Marquette Asset Management LLC owned about 0.07% of Marcus at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Innealta Capital LLC acquired a new position in Marcus in the 2nd quarter worth about $30,000. CWM LLC increased its holdings in Marcus by 3,319.0% in the second quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after buying an additional 2,788 shares during the last quarter. GAMMA Investing LLC raised its position in Marcus by 53.0% during the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock valued at $58,000 after acquiring an additional 1,336 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Marcus in the first quarter valued at approximately $169,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in Marcus in the first quarter worth approximately $173,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MCS shares. Barrington Research restated an “outperform” rating and set a $20.00 price target on shares of Marcus in a report on Friday, September 20th. Benchmark raised their target price on Marcus from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. StockNews.com raised Marcus from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, B. Riley increased their price objective on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th.

Marcus Stock Performance

NYSE:MCS opened at $15.33 on Wednesday. The firm has a market capitalization of $492.94 million, a PE ratio of 63.88 and a beta of 1.52. The Marcus Co. has a 1 year low of $9.56 and a 1 year high of $16.17. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $14.21 and its 200 day simple moving average is $12.70.

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

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, August 26th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Monday, August 26th. 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.