Range Financial Group LLC Acquires New Shares in Marcus Corporation (The) $MCS

Range Financial Group LLC bought a new position in shares of Marcus Corporation (The) (NYSE:MCS) during the third quarter, Holdings Channel.com reports. The fund bought 60,852 shares of the company’s stock, valued at approximately $1,697,000.

A number of other institutional investors also recently modified their holdings of MCS. Bank of New York Mellon Corp acquired a new stake in Marcus in the 2nd quarter valued at $6,481,000. Heartland Advisors Inc. raised its holdings in Marcus by 24.4% during the first quarter. Heartland Advisors Inc. now owns 255,000 shares of the company’s stock worth $4,378,000 after buying an additional 50,000 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Marcus during the first quarter worth $844,000. Susquehanna International Group LLP raised its holdings in Marcus by 183.1% during the second quarter. Susquehanna International Group LLP now owns 47,094 shares of the company’s stock worth $1,105,000 after buying an additional 30,457 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Marcus by 45.4% during the first quarter. Hsbc Holdings PLC now owns 87,933 shares of the company’s stock worth $1,510,000 after buying an additional 27,436 shares during the last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marcus news, Director Diane M. Gershowitz sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the transaction, the director directly owned 125,617 shares in the company, valued at approximately $3,468,285.37. This trade represents a 28.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.53% of the company’s stock.

Marcus Stock Up 0.5%

MCS stock opened at $28.64 on Wednesday. Marcus Corporation has a twelve month low of $12.88 and a twelve month high of $32.42. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $28.21 and its 200-day moving average is $23.89. The firm has a market capitalization of $882.97 million, a PE ratio of 40.34 and a beta of 0.58.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $231.74 million for the quarter, compared to analysts’ expectations of $217.72 million. Sell-side analysts expect that Marcus Corporation will post 0.83 EPS for the current fiscal year.

Marcus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were paid a dividend of $0.09 per share. This is a boost from Marcus’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, August 25th. This represents a $0.36 annualized dividend and a yield of 1.3%. Marcus’s dividend payout ratio (DPR) is 50.70%.

Analysts Set New Price Targets

A number of research firms have weighed in on MCS. Barrington Research set a $33.00 price objective on shares of Marcus in a research note on Monday, August 3rd. Benchmark boosted their target price on shares of Marcus from $22.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Zacks Research downgraded shares of Marcus from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. B. Riley Financial restated a “neutral” rating on shares of Marcus in a report on Monday. Finally, Weiss Ratings raised shares of Marcus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Marcus has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Marcus Company Profile

Marcus Corporation (NYSE:MCS) is a Wisconsin-based company operating in the entertainment and lodging industries. Its business is organized primarily through Marcus Theatres and Marcus Hotels & Resorts, serving customers across selected markets in the United States.

Marcus Theatres operates movie theaters that offer first-run films, premium large-format and other enhanced viewing experiences, food and beverage services, and other entertainment amenities. The division also operates theaters under the Marcus, Movie Tavern, and BistroPlex brands.

Marcus Hotels & Resorts owns, manages, or develops hotels and resorts in various U.S.