28,658 Shares in The Marcus Co. (NYSE:MCS) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in The Marcus Co. (NYSE:MCS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,658 shares of the company’s stock, valued at approximately $432,000. Assenagon Asset Management S.A. owned approximately 0.09% of Marcus at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of Marcus in the 2nd quarter valued at $30,000. nVerses Capital LLC acquired a new position in Marcus in the third quarter valued at $32,000. CWM LLC increased its stake in Marcus by 3,319.0% in the second quarter. CWM LLC now owns 2,872 shares of the company’s stock valued at $33,000 after purchasing an additional 2,788 shares during the period. GAMMA Investing LLC boosted its stake in shares of Marcus by 53.0% during the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after buying an additional 1,336 shares during the period. Finally, Creative Planning purchased a new position in shares of Marcus during the third quarter worth about $159,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Stock Up 9.3 %

Marcus stock opened at $20.62 on Monday. The stock’s 50 day moving average price is $15.43 and its 200 day moving average price is $13.07. The company has a market cap of $662.93 million, a PE ratio of -60.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.51. The Marcus Co. has a 1-year low of $9.56 and a 1-year high of $20.72.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). Marcus had a positive return on equity of 1.39% and a negative net margin of 1.44%. The company had revenue of $176.03 million for the quarter, compared to analyst estimates of $170.74 million. During the same period last year, the company earned $0.35 earnings per share. On average, sell-side analysts predict that The Marcus Co. will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on MCS. Benchmark upped their price objective on Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday. B. Riley increased their price target on Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, July 8th. StockNews.com raised shares of Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Marcus in a report on Thursday.

About Marcus

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.