Lazard Asset Management LLC Acquires 2,298 Shares of The Marcus Co. (NYSE:MCS)

Lazard Asset Management LLC grew its holdings in The Marcus Co. (NYSE:MCS) by 2,908.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,377 shares of the company’s stock after buying an additional 2,298 shares during the period. Lazard Asset Management LLC’s holdings in Marcus were worth $51,000 at the end of the most recent quarter.

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

Marcus Stock Up 1.0%

MCS stock opened at $17.09 on Monday. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $23.16. The business has a 50-day simple moving average of $16.58 and a 200 day simple moving average of $19.23. 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 market cap of $534.73 million, a PE ratio of -50.25, a price-to-earnings-growth ratio of 3.12 and a beta of 1.22.

Marcus (NYSE:MCS) last issued its earnings results on Tuesday, May 6th. The company reported ($0.54) 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 firm had revenue of $148.77 million during the quarter, compared to analyst estimates of $145.50 million. Sell-side analysts anticipate that The Marcus Co. will post 0.36 EPS for the current fiscal year.

Marcus Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Barrington Research restated an “outperform” rating and set a $25.00 target price on shares of Marcus in a research report on Friday. B. Riley assumed coverage on shares of Marcus in a report on Friday, May 16th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Marcus in a research note on Friday, April 11th.

Marcus 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.