Martingale Asset Management L P grew its stake in shares of Marcus Corporation (The) (NYSE:MCS) by 15.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,421 shares of the company’s stock after purchasing an additional 14,303 shares during the period. Martingale Asset Management L P owned approximately 0.56% of Marcus Corporation (The) worth $3,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Marcus Corporation (The) by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 963,540 shares of the company’s stock worth $30,929,000 after purchasing an additional 42,546 shares in the last quarter. State Street Corp raised its stake in shares of Marcus Corporation (The) by 6.5% during the 1st quarter. State Street Corp now owns 480,662 shares of the company’s stock worth $15,427,000 after buying an additional 29,302 shares during the last quarter. LSV Asset Management raised its stake in shares of Marcus Corporation (The) by 15.9% during the 2nd quarter. LSV Asset Management now owns 462,500 shares of the company’s stock worth $13,967,000 after buying an additional 63,400 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Marcus Corporation (The) by 0.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 364,672 shares of the company’s stock worth $11,706,000 after buying an additional 2,195 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Marcus Corporation (The) by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 320,737 shares of the company’s stock worth $9,686,000 after buying an additional 17,044 shares during the last quarter. Institutional investors own 59.49% of the company’s stock.

Marcus Corporation (NYSE MCS) opened at 26.55 on Friday. The company has a 50-day moving average of $25.61 and a 200 day moving average of $30.03. Marcus Corporation has a 52 week low of $23.28 and a 52 week high of $34.90. The firm has a market cap of $738.59 million, a P/E ratio of 17.58 and a beta of 0.66.

Marcus Corporation (The) (NYSE:MCS) last announced its earnings results on Thursday, July 27th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). Marcus Corporation (The) had a net margin of 7.18% and a return on equity of 10.78%. The company had revenue of $152.80 million for the quarter, compared to analysts’ expectations of $158.43 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts predict that Marcus Corporation will post $1.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Wednesday, August 23rd. Marcus Corporation (The)’s dividend payout ratio is 33.11%.

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Several research analysts have recently issued reports on the company. ValuEngine raised Marcus Corporation (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. B. Riley reaffirmed a “buy” rating and set a $38.00 price target (down previously from $42.00) on shares of Marcus Corporation (The) in a research note on Wednesday, July 19th. Barrington Research cut their price target on Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Finally, TheStreet downgraded Marcus Corporation (The) from a “b-” rating to a “c” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.45.

Marcus Corporation (The) 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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Institutional Ownership by Quarter for Marcus Corporation (The) (NYSE:MCS)

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