The Marcus Co. (NYSE:MCS) Shares Bought by Bank of America Corp DE

Bank of America Corp DE boosted its holdings in shares of The Marcus Co. (NYSE:MCS) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,285 shares of the company’s stock after acquiring an additional 4,669 shares during the period. Bank of America Corp DE owned about 0.24% of Marcus worth $1,619,000 at the end of the most recent reporting period.

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

Marcus Stock Performance

NYSE:MCS opened at $17.05 on Thursday. The firm has a 50 day simple moving average of $16.71 and a 200-day simple moving average of $19.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $533.63 million, a PE ratio of -50.15, a P/E/G ratio of 3.12 and a beta of 1.22. The Marcus Co. has a 1-year low of $9.56 and a 1-year high of $23.16.

Marcus (NYSE:MCS) last issued its quarterly 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 positive return on equity of 1.39% and a negative net margin of 1.44%. The company had revenue of $148.77 million for the quarter, compared to analyst estimates of $145.50 million. On average, equities analysts expect that The Marcus Co. will post 0.36 EPS for the current year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, May 27th will be given 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 dividend payout ratio (DPR) is -66.67%.

Analyst Ratings Changes

MCS has been the subject of a number of analyst reports. B. Riley initiated coverage on shares of Marcus in a research report on Friday, May 16th. They issued a “buy” rating and a $24.00 price objective for the company. Wall Street Zen lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a research report on Friday, May 23rd. Finally, Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Marcus in a research report on Friday, April 11th.

Marcus Company 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.