The Marcus Co. (NYSE:MCS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in The Marcus Co. (NYSE:MCS) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,722 shares of the company’s stock after selling 1,746 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Marcus worth $2,364,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MCS. KBC Group NV boosted its stake in Marcus by 61.4% during the 1st quarter. KBC Group NV now owns 2,614 shares of the company’s stock valued at $42,000 after purchasing an additional 994 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Marcus during the 3rd quarter valued at $52,000. Morgan Dempsey Capital Management LLC boosted its stake in Marcus by 24.7% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 4,858 shares of the company’s stock valued at $86,000 after purchasing an additional 962 shares in the last quarter. CI Investments Inc. bought a new position in Marcus during the 4th quarter valued at $71,000. Finally, Parkside Financial Bank & Trust boosted its stake in Marcus by 71,428.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 5,007 shares of the company’s stock valued at $80,000 after purchasing an additional 5,000 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Marcus in a research note on Thursday, August 17th. They set a “buy” rating for the company. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $22.00.

Marcus Stock Performance

MCS opened at $15.20 on Tuesday. The firm has a market cap of $481.69 million, a PE ratio of -94.99, a P/E/G ratio of 3.82 and a beta of 1.55. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $15.41 and a 200-day simple moving average of $15.81. The Marcus Co. has a fifty-two week low of $13.62 and a fifty-two week high of $18.05.

Marcus (NYSE:MCS) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. The business had revenue of $207.01 million during the quarter, compared to analyst estimates of $205.59 million. Marcus had a positive return on equity of 1.02% and a negative net margin of 0.29%. As a group, equities analysts predict that The Marcus Co. will post 0.27 EPS for the current fiscal year.

Marcus Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 24th. This is a boost from Marcus’s previous quarterly dividend of $0.05. Marcus’s dividend payout ratio (DPR) is -174.99%.

Marcus Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. The company's Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.