Assenagon Asset Management S.A. Buys Shares of 28,658 The Marcus Co. (NYSE:MCS)

Assenagon Asset Management S.A. purchased a new position in shares of The Marcus Co. (NYSE:MCS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,658 shares of the company’s stock, valued at approximately $432,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. nVerses Capital LLC acquired a new position in Marcus during the third quarter worth about $32,000. Creative Planning purchased a new position in shares of Marcus during the 3rd quarter worth approximately $159,000. CWM LLC raised its position in shares of Marcus by 98.8% during the 3rd quarter. CWM LLC now owns 5,709 shares of the company’s stock worth $86,000 after purchasing an additional 2,837 shares during the last quarter. Marquette Asset Management LLC purchased a new stake in Marcus in the 3rd quarter valued at approximately $327,000. Finally, GAMMA Investing LLC grew its holdings in Marcus by 53.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock valued at $58,000 after buying an additional 1,336 shares during the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Marcus Stock Up 9.3 %

MCS opened at $20.62 on Monday. The Marcus Co. has a 12 month low of $9.56 and a 12 month high of $20.72. The business has a 50-day moving average of $15.43 and a two-hundred day moving average of $13.07. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.51. The stock has a market capitalization of $662.93 million, a price-to-earnings ratio of -60.65 and a beta of 1.48.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.20). The company had revenue of $176.03 million for the quarter, compared to analyst estimates of $170.74 million. Marcus had a positive return on equity of 1.39% and a negative net margin of 1.44%. During the same period last year, the company posted $0.35 EPS. On average, research analysts expect that The Marcus Co. will post -0.03 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on MCS shares. B. Riley upped their price objective on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Benchmark raised their price target on shares of Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday. Barrington Research reissued an “outperform” rating and issued a $20.00 price objective on shares of Marcus in a research report on Thursday. 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.