Heartland Advisors Inc. Has $4.38 Million Stock Position in Marcus Corporation (The) $MCS

Heartland Advisors Inc. increased its stake in Marcus Corporation (The) (NYSE:MCS) by 24.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,000 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. Heartland Advisors Inc.’s holdings in Marcus were worth $4,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Saber Capital Managment LLC acquired a new stake in Marcus during the 4th quarter worth about $7,836,000. Pacific Ridge Capital Partners LLC acquired a new position in shares of Marcus in the fourth quarter worth about $2,594,000. Bastion Asset Management Inc. boosted its holdings in shares of Marcus by 70.1% in the fourth quarter. Bastion Asset Management Inc. now owns 374,612 shares of the company’s stock worth $5,716,000 after buying an additional 154,439 shares during the period. Orbis Allan Gray Ltd increased its position in shares of Marcus by 7.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company’s stock worth $29,714,000 after acquiring an additional 141,064 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Marcus by 332.2% in the second quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock worth $2,735,000 after acquiring an additional 124,664 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MCS. Zacks Research upgraded shares of Marcus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Wedbush raised their price objective on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. B. Riley Financial boosted their target price on shares of Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Marcus in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $24.25.

Marcus Price Performance

Shares of NYSE:MCS opened at $23.01 on Monday. The firm has a market cap of $706.97 million, a price-to-earnings ratio of 53.50, a P/E/G ratio of 2.88 and a beta of 0.51. Marcus Corporation has a 1 year low of $12.85 and a 1 year high of $24.89. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $21.01 and a 200 day simple moving average of $18.23.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The firm had revenue of $154.40 million for the quarter, compared to the consensus estimate of $148.78 million. As a group, sell-side analysts predict that Marcus Corporation will post 0.53 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, June 1st. Marcus’s payout ratio is currently 74.42%.

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.