O Shaughnessy Asset Management LLC raised its stake in shares of Marcus Corp (NYSE:MCS) by 1.2% during the first quarter, HoldingsChannel reports. The firm owned 31,275 shares of the company’s stock after buying an additional 385 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Marcus were worth $1,246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCS. Morgan Stanley boosted its holdings in Marcus by 43.4% during the third quarter. Morgan Stanley now owns 138,135 shares of the company’s stock valued at $5,808,000 after purchasing an additional 41,792 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Marcus by 2.8% during the third quarter. Vanguard Group Inc. now owns 1,134,814 shares of the company’s stock valued at $47,719,000 after purchasing an additional 31,303 shares in the last quarter. Strs Ohio acquired a new stake in Marcus during the fourth quarter valued at approximately $165,000. Huntington National Bank boosted its holdings in Marcus by 97,900.0% during the fourth quarter. Huntington National Bank now owns 980 shares of the company’s stock valued at $39,000 after purchasing an additional 979 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Marcus during the fourth quarter valued at approximately $67,000. 64.91% of the stock is currently owned by institutional investors.

NYSE:MCS opened at $35.31 on Tuesday. Marcus Corp has a 1 year low of $30.95 and a 1 year high of $45.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $1.08 billion, a PE ratio of 18.20, a PEG ratio of 1.22 and a beta of 0.69.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, April 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Marcus had a net margin of 6.41% and a return on equity of 9.97%. The company had revenue of $170.04 million during the quarter, compared to analysts’ expectations of $171.20 million. As a group, sell-side analysts anticipate that Marcus Corp will post 1.91 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, May 24th. Marcus’s dividend payout ratio (DPR) is currently 32.99%.

In related news, Director Diane M. Gershowitz sold 46,600 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $40.58, for a total value of $1,891,028.00. Following the completion of the transaction, the director now owns 207,955 shares in the company, valued at approximately $8,438,813.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane M. Gershowitz sold 13,491 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $41.50, for a total transaction of $559,876.50. Following the completion of the transaction, the director now owns 207,955 shares of the company’s stock, valued at approximately $8,630,132.50. The disclosure for this sale can be found here. Insiders sold 165,072 shares of company stock valued at $6,698,029 in the last quarter. 29.04% of the stock is currently owned by corporate insiders.

MCS has been the topic of a number of recent research reports. Barrington Research reaffirmed a “buy” rating and set a $49.00 price objective on shares of Marcus in a report on Thursday, February 21st. Benchmark lifted their target price on shares of Marcus to $45.00 and gave the company a “buy” rating in a research note on Friday, February 22nd. Zacks Investment Research upgraded shares of Marcus from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, April 25th. B. Riley upgraded shares of Marcus from a “neutral” rating to a “buy” rating and lifted their target price for the company from $41.00 to $46.00 in a research note on Friday, April 26th. Finally, ValuEngine cut shares of Marcus from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.75.

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About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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Institutional Ownership by Quarter for Marcus (NYSE:MCS)

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