Marcus Corporation (The) $MCS Shares Bought by Heartland Advisors Inc.

Heartland Advisors Inc. lifted its stake in shares of Marcus Corporation (The) (NYSE:MCS) by 33.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Heartland Advisors Inc. owned about 0.64% of Marcus worth $3,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MCS. Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 937 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of Marcus during the second quarter worth about $180,000. Fox Run Management L.L.C. purchased a new stake in shares of Marcus in the 2nd quarter valued at about $199,000. Savant Capital LLC boosted its position in shares of Marcus by 7.8% in the 3rd quarter. Savant Capital LLC now owns 13,166 shares of the company’s stock valued at $204,000 after purchasing an additional 955 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Price Performance

Marcus stock opened at $16.11 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.35 and a quick ratio of 0.35. The business has a 50 day simple moving average of $15.54 and a 200-day simple moving average of $15.20. Marcus Corporation has a 12 month low of $12.85 and a 12 month high of $22.38. The stock has a market capitalization of $494.74 million, a PE ratio of 67.13, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 25th. Marcus’s payout ratio is 133.33%.

Marcus declared that its Board of Directors has initiated a share repurchase program on Friday, October 31st that allows the company to buyback 4,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MCS. Zacks Research cut Marcus from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Barrington Research reduced their price target on shares of Marcus from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

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.