Bank of New York Mellon Corp increased its position in Marcus Corp (NYSE:MCS) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,471 shares of the company’s stock after purchasing an additional 4,734 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.17% of Marcus worth $9,016,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its holdings in Marcus by 266.2% during the second quarter. Acrospire Investment Management LLC now owns 3,303 shares of the company’s stock worth $100,000 after buying an additional 2,401 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Marcus by 4.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,470 shares of the company’s stock worth $135,000 after buying an additional 210 shares during the last quarter. Stifel Financial Corp bought a new position in Marcus during the second quarter worth about $211,000. BNP Paribas Arbitrage SA boosted its holdings in Marcus by 50.4% during the second quarter. BNP Paribas Arbitrage SA now owns 7,037 shares of the company’s stock worth $213,000 after buying an additional 2,357 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Marcus during the 3rd quarter valued at about $225,000. Hedge funds and other institutional investors own 60.15% of the company’s stock.
Several equities analysts have recently weighed in on MCS shares. Zacks Investment Research cut Marcus from a “hold” rating to a “sell” rating in a report on Friday, October 20th. TheStreet upgraded Marcus from a “c” rating to a “b-” rating in a report on Thursday, October 5th. B. Riley reiterated a “buy” rating and set a $36.00 price objective on shares of Marcus in a report on Friday, October 27th. ValuEngine cut Marcus from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Benchmark reiterated a “buy” rating and set a $34.00 price objective (down previously from $37.00) on shares of Marcus in a report on Wednesday, October 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.75.
Marcus (NYSE:MCS) last announced its earnings results on Thursday, October 26th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Marcus had a return on equity of 9.73% and a net margin of 6.51%. The business had revenue of $153.82 million for the quarter, compared to analyst estimates of $153.91 million. During the same quarter last year, the firm earned $0.51 EPS. Marcus’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities analysts expect that Marcus Corp will post 1.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, November 27th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, November 24th. Marcus’s dividend payout ratio (DPR) is 35.97%.
Marcus Company Profile
The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.
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