Prudential Financial Inc. Reduces Stake in Marcus Corp (NYSE:MCS)

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Prudential Financial Inc. lessened its holdings in Marcus Corp (NYSE:MCS) by 26.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 276,541 shares of the company’s stock after selling 98,238 shares during the quarter. Prudential Financial Inc. owned about 0.90% of Marcus worth $9,115,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Financial Gravity Wealth Inc. grew its position in Marcus by 3,288.9% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 915 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Marcus in the second quarter valued at approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Marcus by 147.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,158 shares of the company’s stock valued at $86,000 after purchasing an additional 1,287 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Marcus during the first quarter worth approximately $99,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Marcus by 252.4% during the first quarter. BNP Paribas Arbitrage SA now owns 4,190 shares of the company’s stock worth $168,000 after buying an additional 3,001 shares during the last quarter. Institutional investors own 64.59% of the company’s stock.

Shares of MCS stock traded down $0.17 during trading on Tuesday, reaching $33.37. The company’s stock had a trading volume of 1,540 shares, compared to its average volume of 166,304. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 1.21 and a beta of 0.59. The stock’s 50-day moving average price is $34.25 and its 200 day moving average price is $36.58. Marcus Corp has a 1-year low of $31.90 and a 1-year high of $45.82.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Marcus had a net margin of 6.00% and a return on equity of 9.59%. The company had revenue of $232.50 million during the quarter, compared to analysts’ expectations of $227.65 million. On average, sell-side analysts anticipate that Marcus Corp will post 1.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, August 26th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.92%. Marcus’s dividend payout ratio is currently 32.99%.

MCS has been the subject of a number of recent research reports. Zacks Investment Research downgraded Marcus from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. ValuEngine lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Marcus currently has an average rating of “Buy” and a consensus price target of $44.50.

Marcus Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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Institutional Ownership by Quarter for Marcus (NYSE:MCS)

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