Acadian Asset Management LLC Purchases 95,697 Shares of Marcus Corporation (The) $MCS

Acadian Asset Management LLC increased its stake in Marcus Corporation (The) (NYSE:MCS) by 492.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,115 shares of the company’s stock after purchasing an additional 95,697 shares during the period. Acadian Asset Management LLC owned 0.37% of Marcus worth $1,916,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC raised its position in Marcus by 2.1% in the 1st quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock worth $2,883,000 after purchasing an additional 3,562 shares during the last quarter. Caxton Associates LLP bought a new position in Marcus in the 1st quarter worth approximately $530,000. Dynamic Technology Lab Private Ltd bought a new position in Marcus in the 1st quarter worth approximately $299,000. Petrus Trust Company LTA bought a new position in Marcus in the 1st quarter worth approximately $920,000. Finally, Millennium Management LLC raised its position in Marcus by 11.1% in the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock worth $6,553,000 after purchasing an additional 39,118 shares during the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Price Performance

Shares of NYSE MCS opened at $15.98 on Wednesday. The firm has a market cap of $500.33 million, a PE ratio of 35.51, a PEG ratio of 2.98 and a beta of 1.22. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.40. Marcus Corporation has a 1-year low of $14.13 and a 1-year high of $23.16. The company has a fifty day moving average price of $16.00 and a 200 day moving average price of $16.56.

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

Marcus Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, August 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Marcus’s previous quarterly dividend of $0.07. Marcus’s dividend payout ratio (DPR) is currently 71.11%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wedbush assumed coverage on shares of Marcus in a report on Friday, July 18th. They set an “outperform” rating and a $24.00 target price for the company. Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Marcus in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, Marcus has a consensus rating of “Buy” and an average target price of $24.50.

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.