The Marcus Co. (NYSE:MCS) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in shares of The Marcus Co. (NYSE:MCS) by 35.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 231,996 shares of the company’s stock after buying an additional 60,921 shares during the quarter. Squarepoint Ops LLC’s holdings in Marcus were worth $2,638,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Marshall Wace LLP grew its holdings in Marcus by 21.6% during the 2nd quarter. Marshall Wace LLP now owns 116,081 shares of the company’s stock valued at $1,320,000 after buying an additional 20,617 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Marcus by 9.1% during the 2nd quarter. Gabelli Funds LLC now owns 191,500 shares of the company’s stock worth $2,177,000 after purchasing an additional 16,000 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Marcus by 20.5% during the 2nd quarter. Hsbc Holdings PLC now owns 112,211 shares of the company’s stock worth $1,258,000 after purchasing an additional 19,107 shares during the period. American Century Companies Inc. lifted its stake in shares of Marcus by 10.4% during the 2nd quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock worth $5,654,000 after purchasing an additional 46,891 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Marcus during the 2nd quarter worth $539,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Benchmark increased their price target on Marcus from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com raised Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. B. Riley increased their price target on Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Finally, Barrington Research reissued an “outperform” rating and set a $20.00 price target on shares of Marcus in a research note on Friday, September 20th.

Marcus Trading Up 6.2 %

Shares of MCS opened at $16.09 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $517.37 million, a P/E ratio of 67.04 and a beta of 1.52. The stock’s fifty day simple moving average is $13.95 and its 200 day simple moving average is $12.68. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $16.17.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.20). The firm had revenue of $176.03 million during the quarter, compared to analysts’ expectations of $170.74 million. Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. During the same period last year, the business posted $0.35 earnings per share. On average, equities research analysts forecast that The Marcus Co. will post -0.14 earnings per share for the current year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, August 26th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Monday, August 26th. Marcus’s dividend payout ratio (DPR) is currently 116.67%.

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.