SG Americas Securities LLC Invests $194,000 in The Marcus Co. (NYSE:MCS)

SG Americas Securities LLC acquired a new stake in shares of The Marcus Co. (NYSE:MCS) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,877 shares of the company’s stock, valued at approximately $194,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MCS. Allspring Global Investments Holdings LLC increased its stake in shares of Marcus by 221.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the company’s stock valued at $216,000 after acquiring an additional 10,454 shares during the period. Janney Montgomery Scott LLC boosted its stake in Marcus by 9.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,951 shares of the company’s stock valued at $470,000 after purchasing an additional 2,955 shares in the last quarter. Empowered Funds LLC increased its position in shares of Marcus by 8.1% during the 1st quarter. Empowered Funds LLC now owns 141,822 shares of the company’s stock valued at $2,022,000 after purchasing an additional 10,675 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Marcus by 5.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 35,462 shares of the company’s stock worth $506,000 after buying an additional 1,947 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Marcus in the first quarter valued at $173,000. 81.57% of the stock is currently owned by institutional investors.

Marcus Trading Down 1.6 %

NYSE MCS opened at $16.21 on Thursday. The firm’s 50 day moving average price is $14.82 and its two-hundred day moving average price is $12.84. The stock has a market cap of $521.23 million, a price-to-earnings ratio of 67.54 and a beta of 1.52. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $16.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51.

Marcus (NYSE:MCS) last announced its quarterly earnings data 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). The business had revenue of $176.03 million during the quarter, compared to analysts’ expectations of $170.74 million. Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. During the same period in the prior year, the company posted $0.35 earnings per share. Equities analysts anticipate that The Marcus Co. will post -0.04 EPS for the current year.

Marcus Dividend Announcement

The business also recently declared 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. This represents a $0.28 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, August 26th. Marcus’s dividend payout ratio is currently 116.67%.

Analysts Set New Price Targets

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

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.