Marcus Corporation (The) $MCS Holdings Boosted by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Marcus Corporation (The) (NYSE:MCS) by 14.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 844,953 shares of the company’s stock after acquiring an additional 108,334 shares during the period. American Century Companies Inc. owned about 2.66% of Marcus worth $14,102,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Invesco Ltd. lifted its holdings in Marcus by 0.8% in the fourth quarter. Invesco Ltd. now owns 64,448 shares of the company’s stock worth $1,386,000 after acquiring an additional 511 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Marcus by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 95,932 shares of the company’s stock worth $1,601,000 after acquiring an additional 778 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Marcus by 2,908.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company’s stock worth $51,000 after acquiring an additional 2,298 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Marcus by 38.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company’s stock valued at $145,000 after buying an additional 2,424 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Marcus during the fourth quarter valued at approximately $70,000. Institutional investors own 81.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MCS shares. B. Riley started coverage on Marcus in a report on Friday, May 16th. They set a “buy” rating and a $24.00 price target on the stock. Wedbush started coverage on Marcus in a report on Friday, July 18th. They set an “outperform” rating and a $24.00 price target on the stock. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of Marcus in a report on Monday, August 4th. Finally, Wall Street Zen cut Marcus from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $24.50.

Marcus Price Performance

Shares of NYSE:MCS opened at $15.49 on Tuesday. Marcus Corporation has a 12 month low of $13.85 and a 12 month high of $23.16. The stock has a market cap of $484.99 million, a price-to-earnings ratio of 34.42, a PEG ratio of 2.94 and a beta of 1.24. The stock’s 50 day moving average price is $16.47 and its 200 day moving average price is $17.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.39.

Marcus (NYSE:MCS) last announced its earnings results on Friday, August 1st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. Marcus had a return on equity of 4.28% and a net margin of 1.91%.The firm had revenue of $206.04 million for the quarter, compared to analysts’ expectations of $192.79 million. Equities research analysts anticipate that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 25th. This is a positive change from Marcus’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 2.1%. Marcus’s dividend payout ratio is presently 62.22%.

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.