Victory Capital Management Inc. Sells 2,400 Shares of Marcus Corporation (The) (NYSE:MCS)

Victory Capital Management Inc. trimmed its holdings in shares of Marcus Corporation (The) (NYSE:MCS) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,450 shares of the company’s stock after selling 2,400 shares during the quarter. Victory Capital Management Inc. owned 0.23% of Marcus worth $1,226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MCS. Lazard Asset Management LLC increased its stake in shares of Marcus by 2,908.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company’s stock valued at $51,000 after buying an additional 2,298 shares during the period. Quarry LP purchased a new position in shares of Marcus during the fourth quarter valued at $70,000. Harbor Capital Advisors Inc. purchased a new position in shares of Marcus during the first quarter valued at $76,000. National Bank of Canada FI increased its stake in shares of Marcus by 407,500.0% during the fourth quarter. National Bank of Canada FI now owns 4,076 shares of the company’s stock valued at $88,000 after buying an additional 4,075 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Marcus during the fourth quarter valued at $114,000. 81.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MCS. Wall Street Zen lowered Marcus from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. 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 on the stock. Wedbush started coverage on Marcus in a research note on Friday, July 18th. They issued an “outperform” rating and a $24.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Marcus in a research note on Friday, April 11th. Finally, Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Marcus in a research note on Friday, May 23rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $24.50.

Marcus Price Performance

MCS opened at $16.28 on Thursday. The business’s 50-day moving average is $17.36 and its two-hundred day moving average is $17.83. Marcus Corporation has a 1 year low of $12.17 and a 1 year high of $23.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $509.56 million, a PE ratio of -38.76, a price-to-earnings-growth ratio of 2.77 and a beta of 1.24.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.02). Marcus had a positive return on equity of 1.51% and a negative net margin of 1.71%. The business had revenue of $148.77 million for the quarter, compared to analysts’ expectations of $145.50 million. Research analysts anticipate that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, May 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.72%. Marcus’s payout ratio is -66.67%.

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.