Janus Henderson Group PLC Acquires New Position in The Marcus Co. (NYSE:MCS)

Janus Henderson Group PLC bought a new position in The Marcus Co. (NYSE:MCS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,564 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors also recently bought and sold shares of the business. Quarry LP acquired a new position in Marcus in the fourth quarter valued at $70,000. National Bank of Canada FI raised its stake in Marcus by 407,500.0% during the fourth quarter. National Bank of Canada FI now owns 4,076 shares of the company’s stock worth $88,000 after purchasing an additional 4,075 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus during the 4th quarter valued at $114,000. Meeder Asset Management Inc. purchased a new stake in Marcus during the fourth quarter valued at about $130,000. Finally, Sterling Capital Management LLC increased its stake in Marcus by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 8,876 shares of the company’s stock worth $191,000 after acquiring an additional 693 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Stock Performance

MCS stock opened at $17.09 on Monday. The company has a 50-day simple moving average of $16.58 and a 200 day simple moving average of $19.23. The company has a market capitalization of $534.73 million, a P/E ratio of -50.25, a PEG ratio of 3.12 and a beta of 1.22. 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 Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $23.16.

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

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 yield of 1.64%. The ex-dividend date of this dividend is Tuesday, May 27th. Marcus’s payout ratio is currently -66.67%.

Analyst Upgrades and Downgrades

MCS has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $25.00 target price on shares of Marcus in a research note on Friday. B. Riley started coverage on Marcus in a research note on Friday, May 16th. They issued a “buy” rating and a $24.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Marcus in a report on Friday, April 11th. Finally, Wall Street Zen cut Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th.

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.