The Marcus Co. (NYSE:MCS) Shares Acquired by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. grew its position in The Marcus Co. (NYSE:MCS) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,044 shares of the company’s stock after purchasing an additional 2,836 shares during the period. Watershed Asset Management L.L.C. owned approximately 0.06% of Marcus worth $292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in shares of Marcus by 27.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 335,302 shares of the company’s stock valued at $4,889,000 after buying an additional 71,189 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Marcus during the 4th quarter valued at about $15,410,000. KLCM Advisors Inc. raised its holdings in shares of Marcus by 0.5% during the 4th quarter. KLCM Advisors Inc. now owns 564,964 shares of the company’s stock valued at $8,237,000 after buying an additional 2,999 shares during the period. American Century Companies Inc. increased its holdings in Marcus by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 282,259 shares of the company’s stock worth $4,375,000 after purchasing an additional 25,867 shares during the last quarter. Finally, WINTON GROUP Ltd increased its holdings in Marcus by 8.3% during the 3rd quarter. WINTON GROUP Ltd now owns 22,650 shares of the company’s stock worth $351,000 after purchasing an additional 1,735 shares during the last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barrington Research restated an “outperform” rating and set a $20.00 price objective on shares of Marcus in a report on Monday. B. Riley dropped their price objective on Marcus from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 2nd. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Marcus in a report on Tuesday, March 5th. Finally, StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a report on Thursday, February 1st.

Marcus Stock Performance

Shares of MCS traded up $0.22 during mid-day trading on Tuesday, hitting $13.55. The stock had a trading volume of 400,193 shares, compared to its average volume of 420,928. The company has a market cap of $429.83 million, a PE ratio of 43.71, a PEG ratio of 12.58 and a beta of 1.47. The company’s fifty day simple moving average is $14.11 and its two-hundred day simple moving average is $14.40. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.37. The Marcus Co. has a fifty-two week low of $12.78 and a fifty-two week high of $17.84.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, February 29th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.12. The company had revenue of $161.53 million during the quarter, compared to analyst estimates of $160.75 million. Marcus had a return on equity of 3.19% and a net margin of 2.03%. On average, equities analysts expect that The Marcus Co. will post 0.07 earnings per share for the current year.

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.28 annualized dividend and a dividend yield of 2.07%. Marcus’s payout ratio is 90.32%.

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.