Y Intercept Hong Kong Ltd Increases Position in Marcus Corporation (The) $MCS

Y Intercept Hong Kong Ltd lifted its holdings in shares of Marcus Corporation (The) (NYSE:MCS) by 113.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,933 shares of the company’s stock after acquiring an additional 28,119 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.17% of Marcus worth $892,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AlphaQuest LLC increased its position in shares of Marcus by 2,963.8% during the second quarter. AlphaQuest LLC now owns 35,816 shares of the company’s stock worth $604,000 after acquiring an additional 34,647 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Marcus during the second quarter worth about $639,000. Harbor Capital Advisors Inc. increased its position in shares of Marcus by 45.3% during the second quarter. Harbor Capital Advisors Inc. now owns 6,599 shares of the company’s stock worth $111,000 after acquiring an additional 2,057 shares during the last quarter. Strs Ohio purchased a new stake in shares of Marcus during the first quarter worth about $487,000. Finally, Acadian Asset Management LLC increased its position in shares of Marcus by 492.8% during the first quarter. Acadian Asset Management LLC now owns 115,115 shares of the company’s stock worth $1,916,000 after acquiring an additional 95,697 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Stock Up 0.2%

NYSE:MCS opened at $14.60 on Wednesday. The company has a market capitalization of $457.27 million, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 3.06 and a beta of 1.02. Marcus Corporation has a one year low of $12.85 and a one year high of $23.16. The stock has a 50-day simple moving average of $14.75 and a 200 day simple moving average of $16.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.39 and a current ratio of 0.39.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Marcus had a return on equity of 4.28% and a net margin of 1.91%.The firm had revenue of $210.15 million during the quarter, compared to analyst estimates of $214.14 million. Sell-side analysts predict that Marcus Corporation will post 0.36 EPS for the current fiscal year.

Marcus declared that its Board of Directors has approved a share buyback plan on Friday, October 31st that authorizes the company to repurchase 4,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently issued reports on MCS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marcus in a research report on Tuesday, October 14th. Benchmark decreased their price target on Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 18th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Marcus in a research note on Friday, October 31st. Finally, Wedbush initiated coverage on Marcus in a research note on Friday, July 18th. They issued an “outperform” rating and a $24.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Marcus presently has a consensus rating of “Moderate Buy” and an average price target of $23.75.

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.