Rhumbline Advisers Sells 1,686 Shares of Marcus Corporation (The) $MCS

Rhumbline Advisers decreased its stake in Marcus Corporation (The) (NYSE:MCS) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,252 shares of the company’s stock after selling 1,686 shares during the period. Rhumbline Advisers owned 0.12% of Marcus worth $605,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Marcus by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 1,500,287 shares of the company’s stock valued at $25,040,000 after acquiring an additional 59,336 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Marcus in the 1st quarter valued at about $745,000. American Century Companies Inc. grew its holdings in shares of Marcus by 14.7% in the 1st quarter. American Century Companies Inc. now owns 844,953 shares of the company’s stock valued at $14,102,000 after acquiring an additional 108,334 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Marcus by 1.7% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 208,170 shares of the company’s stock valued at $3,474,000 after acquiring an additional 3,437 shares in the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of Marcus by 63.2% in the 1st quarter. Martingale Asset Management L P now owns 71,446 shares of the company’s stock valued at $1,192,000 after acquiring an additional 27,678 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Trading Down 0.7%

Marcus stock opened at $15.53 on Tuesday. Marcus Corporation has a 52 week low of $14.13 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 stock has a market capitalization of $486.12 million, a P/E ratio of 34.50, a PEG ratio of 2.87 and a beta of 1.22. The stock has a 50-day simple moving average of $15.88 and a 200 day simple moving average of $16.52.

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 the consensus estimate of $0.19 by $0.04. The firm had revenue of $206.04 million during the quarter, compared to the consensus estimate of $192.79 million. Marcus had a net margin of 1.91% and a return on equity of 4.28%. Analysts expect that Marcus Corporation will post 0.36 earnings per share for the current year.

Marcus Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on MCS shares. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a report on Thursday, September 18th. Wedbush initiated coverage on shares of Marcus in a research note on Friday, July 18th. They issued an “outperform” rating and a $24.00 target price for the company. Finally, Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Marcus in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $24.50.

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.