Susquehanna International Group LLP Has $1.10 Million Stock Holdings in Marcus Corporation (The) $MCS

Susquehanna International Group LLP grew its position in shares of Marcus Corporation (The) (NYSE:MCS) by 183.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,094 shares of the company’s stock after buying an additional 30,457 shares during the period. Susquehanna International Group LLP’s holdings in Marcus were worth $1,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Orbis Allan Gray Ltd grew its stake 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 valued at $29,714,000 after acquiring an additional 141,064 shares in the last quarter. KLCM Advisors Inc. raised its stake in Marcus by 7.0% in the 4th quarter. KLCM Advisors Inc. now owns 1,085,909 shares of the company’s stock worth $16,842,000 after purchasing an additional 70,958 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Marcus by 12.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock worth $14,205,000 after purchasing an additional 100,480 shares in the last quarter. Saber Capital Managment LLC bought a new stake in Marcus in the 4th quarter valued at about $7,836,000. Finally, Millennium Management LLC boosted its holdings in Marcus by 11.1% in the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock valued at $6,553,000 after purchasing an additional 39,118 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MCS. B. Riley Financial lowered shares of Marcus from a “buy” rating to a “neutral” rating and increased their target price for the stock from $27.00 to $29.00 in a research report on Friday, July 31st. Wall Street Zen raised Marcus from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Marcus from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Wedbush lifted their price objective on Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Benchmark upped 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 given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.25.

Marcus Stock Performance

Shares of Marcus stock opened at $28.97 on Monday. The company has a 50 day moving average of $26.17 and a 200-day moving average of $20.96. Marcus Corporation has a 1-year low of $12.85 and a 1-year high of $32.42. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The company has a market cap of $893.20 million, a PE ratio of 40.80 and a beta of 0.51.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. Marcus had a net margin of 2.87% and a return on equity of 2.67%. The business had revenue of $231.74 million for the quarter, compared to analysts’ expectations of $217.72 million. As a group, equities research analysts forecast that Marcus Corporation will post 0.81 earnings per share for the current fiscal year.

Marcus Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 25th. This is a positive change from Marcus’s previous quarterly dividend of $0.08. Marcus’s dividend payout ratio is 50.70%.

Marcus 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.