SG Americas Securities LLC Purchases New Position in The Marcus Co. (NYSE:MCS)

SG Americas Securities LLC bought a new stake in The Marcus Co. (NYSE:MCS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,877 shares of the company’s stock, valued at approximately $194,000.

Several other large investors also recently added to or reduced their stakes in MCS. CANADA LIFE ASSURANCE Co lifted its stake in shares of Marcus by 35.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 21,431 shares of the company’s stock worth $305,000 after buying an additional 5,640 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Marcus by 221.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the company’s stock valued at $216,000 after acquiring an additional 10,454 shares during the period. Acadian Asset Management LLC increased its stake in shares of Marcus by 133.8% in the first quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock worth $6,227,000 after purchasing an additional 250,019 shares during the period. Comerica Bank lifted its position in shares of Marcus by 138.3% during the 1st quarter. Comerica Bank now owns 27,523 shares of the company’s stock worth $392,000 after purchasing an additional 15,972 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in Marcus during the 1st quarter valued at approximately $173,000. 81.57% of the stock is owned by institutional investors.

Marcus Stock Down 1.6 %

MCS opened at $16.21 on Thursday. The company has a market capitalization of $521.23 million, a P/E ratio of 67.54 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.51. The firm’s fifty day moving average price is $14.82 and its two-hundred day moving average price is $12.84. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $16.74.

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 business had revenue of $176.03 million for the quarter, compared to analyst estimates of $170.74 million. Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. During the same quarter last year, the firm posted $0.35 earnings per share. On average, analysts anticipate that The Marcus Co. will post -0.04 EPS for the current year.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were paid a $0.07 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.73%. Marcus’s dividend payout ratio is currently 116.67%.

Wall Street Analysts Forecast Growth

MCS has been the topic of several research analyst reports. Benchmark raised their price objective on shares of Marcus from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Marcus from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. B. Riley lifted their target price on Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Finally, Barrington Research restated an “outperform” rating and set a $20.00 price target on shares of Marcus in a research note on Friday, September 20th.

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.