AlphaQuest LLC Boosts Stake in Marcus Corporation (The) $MCS

AlphaQuest LLC raised its holdings in shares of Marcus Corporation (The) (NYSE:MCS) by 2,963.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,816 shares of the company’s stock after buying an additional 34,647 shares during the quarter. AlphaQuest LLC owned about 0.11% of Marcus worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Marcus during the second quarter worth about $639,000. Harbor Capital Advisors Inc. grew its position in Marcus by 45.3% during the second quarter. Harbor Capital Advisors Inc. now owns 6,599 shares of the company’s stock worth $111,000 after buying an additional 2,057 shares in the last quarter. Strs Ohio purchased a new position in shares of Marcus in the 1st quarter worth about $487,000. Acadian Asset Management LLC boosted its holdings in shares of Marcus by 492.8% in the 1st quarter. Acadian Asset Management LLC now owns 115,115 shares of the company’s stock worth $1,916,000 after purchasing an additional 95,697 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Marcus by 2.1% in the 1st quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock worth $2,883,000 after purchasing an additional 3,562 shares in the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wedbush assumed coverage on Marcus in a report on Friday, July 18th. They issued an “outperform” rating and a $24.00 price objective for the company. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Marcus in a report on Tuesday, October 14th. Benchmark cut their price objective on Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 6th. Finally, Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Marcus Trading Up 0.6%

MCS opened at $13.48 on Tuesday. The business has a 50 day simple moving average of $14.93 and a two-hundred day simple moving average of $16.14. The firm has a market capitalization of $421.90 million, a price-to-earnings ratio of 29.94, a PEG ratio of 2.53 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.39. Marcus Corporation has a one year low of $12.85 and a one year high of $23.16.

Marcus (NYSE:MCS) last released its quarterly earnings results on Friday, August 1st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $206.04 million during the quarter, compared to analyst estimates of $192.79 million. Marcus had a return on equity of 4.28% and a net margin of 1.91%. Analysts predict that Marcus Corporation will post 0.36 EPS for the current year.

Marcus Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, August 25th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 25th. This is a positive change from Marcus’s previous quarterly dividend of $0.07. Marcus’s dividend payout ratio is currently 71.11%.

Marcus Company 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.