Renaissance Technologies LLC Has $5.37 Million Stake in Marcus Corporation (The) $MCS

Renaissance Technologies LLC reduced its holdings in Marcus Corporation (The) (NYSE:MCS) by 24.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 312,970 shares of the company’s stock after selling 102,119 shares during the quarter. Renaissance Technologies LLC’s holdings in Marcus were worth $5,374,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after purchasing an additional 624 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Marcus by 29.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,942 shares of the company’s stock valued at $46,000 after buying an additional 678 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Marcus by 60.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after buying an additional 937 shares during the period. Mesirow Financial Investment Management Inc. increased its position in shares of Marcus by 0.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock worth $3,167,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Marcus by 1.2% during the third quarter. Bank of America Corp DE now owns 102,695 shares of the company’s stock worth $1,593,000 after acquiring an additional 1,205 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barrington Research set a $33.00 target price on shares of Marcus in a research note on Monday. Wedbush boosted their price target on Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, July 31st. B. Riley Financial cut Marcus from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $27.00 to $29.00 in a research report on Friday, July 31st. Weiss Ratings upgraded Marcus from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 31st. Finally, Benchmark lifted their target price on Marcus from $22.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Marcus Stock Performance

Shares of MCS opened at $30.77 on Thursday. The stock has a market capitalization of $945.56 million, a price-to-earnings ratio of 43.34, a PEG ratio of 2.56 and a beta of 0.51. Marcus Corporation has a 12 month low of $12.85 and a 12 month high of $32.42. The firm has a fifty day simple moving average of $23.24 and a 200 day simple moving average of $19.24. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34.

Marcus (NYSE:MCS) last released its earnings results on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.16. Marcus had a return on equity of 2.67% and a net margin of 2.87%.The business had revenue of $231.74 million for the quarter, compared to analyst estimates of $217.72 million. Research analysts forecast that Marcus Corporation will post 0.81 EPS for the current fiscal year.

Marcus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.2%. This is a boost from Marcus’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, August 25th. Marcus’s dividend payout ratio (DPR) is 45.07%.

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.