Squarepoint Ops LLC Purchases 124,664 Shares of Marcus Corporation (The) $MCS

Squarepoint Ops LLC increased its position in shares of Marcus Corporation (The) (NYSE:MCS) by 332.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,193 shares of the company’s stock after purchasing an additional 124,664 shares during the period. Squarepoint Ops LLC owned 0.52% of Marcus worth $2,735,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Orbis Allan Gray Ltd increased its stake in Marcus by 9.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 1,375,121 shares of the company’s stock worth $23,185,000 after buying an additional 114,556 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Marcus by 94.5% in the second quarter. Acadian Asset Management LLC now owns 223,886 shares of the company’s stock worth $3,772,000 after acquiring an additional 108,771 shares during the period. American Century Companies Inc. grew its position in shares of Marcus by 14.7% during the first quarter. American Century Companies Inc. now owns 844,953 shares of the company’s stock worth $14,102,000 after purchasing an additional 108,334 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Marcus during the first quarter worth about $1,759,000. Finally, Nuveen LLC bought a new stake in Marcus during the 1st quarter valued at approximately $1,636,000. Institutional investors own 81.57% of the company’s stock.

Marcus Trading Down 0.0%

MCS stock opened at $15.67 on Thursday. The firm has a fifty day moving average price of $14.79 and a 200 day moving average price of $15.74. Marcus Corporation has a fifty-two week low of $12.85 and a fifty-two week high of $22.38. The firm has a market cap of $481.19 million, a PE ratio of 65.29, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.35 and a current ratio of 0.35.

Marcus (NYSE:MCS) last released its quarterly earnings results on Friday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Marcus had a net margin of 1.02% and a return on equity of 1.71%. The business had revenue of $210.15 million for the quarter, compared to analysts’ expectations of $214.14 million. Sell-side analysts anticipate that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus declared that its board has approved a stock buyback program on Friday, October 31st that authorizes the company to repurchase 4,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, November 25th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. Marcus’s dividend payout ratio (DPR) is presently 133.33%.

Analyst Upgrades and Downgrades

MCS has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research note on Monday. Benchmark dropped their target price on shares of Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Marcus in a report on Friday, December 12th. Finally, Zacks Research upgraded shares of Marcus from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.75.

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.