Invesco Ltd. Sells 4,164 Shares of Marcus Corporation (The) $MCS

Invesco Ltd. trimmed its position in Marcus Corporation (The) (NYSE:MCS) by 6.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 60,284 shares of the company’s stock after selling 4,164 shares during the period. Invesco Ltd. owned 0.19% of Marcus worth $1,006,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Marcus by 4.1% during the first quarter. Vanguard Group Inc. now owns 1,500,287 shares of the company’s stock worth $25,040,000 after purchasing an additional 59,336 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 24,325 shares during the period. Millennium Management LLC lifted its holdings in shares of Marcus by 28.7% during the fourth quarter. Millennium Management LLC now owns 353,516 shares of the company’s stock worth $7,601,000 after purchasing an additional 78,932 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Marcus by 2.7% during the fourth quarter. AQR Capital Management LLC now owns 303,022 shares of the company’s stock worth $6,515,000 after purchasing an additional 7,981 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its holdings in shares of Marcus by 1.7% during the first quarter. Mesirow Financial Investment Management Inc. now owns 208,170 shares of the company’s stock worth $3,474,000 after purchasing an additional 3,437 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Trading Down 0.5%

Shares of MCS stock opened at $15.37 on Wednesday. Marcus Corporation has a 52-week low of $13.94 and a 52-week high of $23.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.39 and a current ratio of 0.39. The company has a 50-day simple moving average of $16.26 and a two-hundred day simple moving average of $16.91. The company has a market capitalization of $481.23 million, a price-to-earnings ratio of 34.16, a PEG ratio of 2.89 and a beta of 1.22.

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

Marcus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 25th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, August 25th. This is an increase from Marcus’s previous quarterly dividend of $0.07. Marcus’s dividend payout ratio (DPR) is 71.11%.

Analyst Upgrades and Downgrades

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

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.