Dimensional Fund Advisors LP Sells 415,834 Shares of The Marcus Co. (NYSE:MCS)

Dimensional Fund Advisors LP cut its holdings in The Marcus Co. (NYSE:MCS) by 22.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,466,826 shares of the company’s stock after selling 415,834 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Marcus were worth $16,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hsbc Holdings PLC boosted its stake in shares of Marcus by 29.7% in the 4th quarter. Hsbc Holdings PLC now owns 89,683 shares of the company’s stock valued at $1,308,000 after purchasing an additional 20,538 shares in the last quarter. Parallel Advisors LLC boosted its position in Marcus by 193.2% in the fourth quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $28,000 after buying an additional 1,246 shares in the last quarter. Gate City Capital Management LLC acquired a new stake in Marcus in the fourth quarter valued at approximately $11,669,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Marcus by 221.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the company’s stock worth $216,000 after buying an additional 10,454 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Marcus during the first quarter worth $169,000. Institutional investors own 81.57% of the company’s stock.

Marcus Trading Down 0.5 %

NYSE MCS opened at $15.84 on Friday. The firm has a market capitalization of $509.34 million, a PE ratio of 66.08 and a beta of 1.52. The business’s 50-day moving average price is $14.03 and its two-hundred day moving average price is $12.70. 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 Marcus Co. has a 12 month low of $9.56 and a 12 month high of $16.17.

Marcus (NYSE:MCS) last announced its 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). Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. The company had revenue of $176.03 million during the quarter, compared to the consensus estimate of $170.74 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. On average, analysts expect that The Marcus Co. will post -0.14 EPS for the current year.

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, August 26th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Monday, August 26th. Marcus’s dividend payout ratio is presently 116.67%.

Wall Street Analysts Forecast Growth

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

About Marcus

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.