Range Financial Group LLC Buys New Position in Marcus Corporation (The) $MCS

Range Financial Group LLC bought a new stake in Marcus Corporation (The) (NYSE:MCS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,852 shares of the company’s stock, valued at approximately $1,697,000. Range Financial Group LLC owned about 0.20% of Marcus at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in shares of Marcus in the 3rd quarter worth approximately $50,000. WINTON GROUP Ltd acquired a new stake in shares of Marcus during the second quarter worth $290,000. Susquehanna International Group LLP increased its position in shares of Marcus by 183.1% during the second quarter. Susquehanna International Group LLP now owns 47,094 shares of the company’s stock worth $1,105,000 after buying an additional 30,457 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Marcus during the second quarter worth $6,481,000. Finally, Bank of America Corp DE raised its stake in Marcus by 1.8% during the first quarter. Bank of America Corp DE now owns 89,332 shares of the company’s stock worth $1,534,000 after buying an additional 1,556 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Insider Buying and Selling at Marcus

In other news, Director Diane M. Gershowitz sold 50,000 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the transaction, the director owned 125,617 shares of the company’s stock, valued at $3,468,285.37. This represents a 28.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Zacks Research lowered shares of Marcus from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. B. Riley Financial reaffirmed a “neutral” rating on shares of Marcus in a research report on Monday. Barrington Research set a $33.00 price target on Marcus in a report on Monday, August 3rd. Benchmark lifted their price objective on Marcus from $22.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised Marcus from a “buy” rating to a “strong-buy” rating in a research report on Monday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Marcus Price Performance

Shares of MCS opened at $28.64 on Wednesday. Marcus Corporation has a 52-week low of $12.88 and a 52-week high of $32.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. The business’s 50 day moving average price is $28.21 and its two-hundred day moving average price is $23.89. The firm has a market cap of $882.97 million, a PE ratio of 40.34 and a beta of 0.58.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.16. The firm had revenue of $231.74 million for the quarter, compared to analysts’ expectations of $217.72 million. Marcus had a return on equity of 2.67% and a net margin of 2.87%. On average, equities analysts anticipate that Marcus Corporation will post 0.83 EPS for the current year.

Marcus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th were issued a dividend of $0.09 per share. This is an increase from Marcus’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 25th. Marcus’s dividend payout ratio (DPR) is currently 50.70%.

Marcus Company Profile

Marcus Corporation (NYSE:MCS) is a Wisconsin-based company operating in the entertainment and lodging industries. Its business is organized primarily through Marcus Theatres and Marcus Hotels & Resorts, serving customers across selected markets in the United States.

Marcus Theatres operates movie theaters that offer first-run films, premium large-format and other enhanced viewing experiences, food and beverage services, and other entertainment amenities. The division also operates theaters under the Marcus, Movie Tavern, and BistroPlex brands.

Marcus Hotels & Resorts owns, manages, or develops hotels and resorts in various U.S.