Price T Rowe Associates Inc. MD Acquires New Holdings in The Marcus Co. (NYSE:MCS)

Price T Rowe Associates Inc. MD purchased a new stake in shares of The Marcus Co. (NYSE:MCS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,872 shares of the company’s stock, valued at approximately $234,000.

Several other large investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Marcus by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,481,190 shares of the company’s stock valued at $31,845,000 after acquiring an additional 24,325 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Marcus by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 1,440,951 shares of the company’s stock valued at $30,980,000 after acquiring an additional 8,102 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Marcus by 23.4% during the fourth quarter. American Century Companies Inc. now owns 736,619 shares of the company’s stock valued at $15,837,000 after acquiring an additional 139,577 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Marcus by 69.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 599,118 shares of the company’s stock valued at $12,881,000 after acquiring an additional 246,375 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Marcus by 135.3% during the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock valued at $5,913,000 after acquiring an additional 225,644 shares during the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Trading Down 0.9%

MCS opened at $17.10 on Friday. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $16.52 and a 200-day moving average of $19.37. The stock has a market cap of $543.00 million, a PE ratio of -50.30, a price-to-earnings-growth ratio of 3.12 and a beta of 1.22.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.02). The company had revenue of $148.77 million during the quarter, compared to analyst estimates of $145.50 million. Marcus had a positive return on equity of 1.39% and a negative net margin of 1.44%. On average, sell-side analysts predict that The Marcus Co. will post 0.36 EPS for the current year.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, May 27th. Marcus’s dividend payout ratio is currently -66.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MCS shares. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Marcus in a research note on Tuesday, May 6th. B. Riley initiated coverage on shares of Marcus in a research report on Friday. They set a “buy” rating and a $24.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Marcus in a research report on Friday, April 11th. Finally, StockNews.com cut shares of Marcus from a “buy” rating to a “hold” rating in a research 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.