Marcus Corporation (The) $MCS Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its holdings in shares of Marcus Corporation (The) (NYSE:MCS) by 88.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,102 shares of the company’s stock after selling 31,714 shares during the quarter. AlphaQuest LLC’s holdings in Marcus were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after purchasing an additional 937 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Marcus during the 2nd quarter valued at about $180,000. Fox Run Management L.L.C. acquired a new position in Marcus during the 2nd quarter worth approximately $199,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock worth $231,000 after acquiring an additional 624 shares during the period. Finally, Creative Planning grew its position in Marcus by 50.6% in the second quarter. Creative Planning now owns 15,270 shares of the company’s stock valued at $257,000 after acquiring an additional 5,129 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCS has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Barrington Research cut their price objective on shares of Marcus from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Finally, Zacks Research downgraded Marcus from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Marcus has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Marcus Stock Performance

Shares of MCS stock opened at $16.03 on Friday. The stock has a market capitalization of $492.34 million, a price-to-earnings ratio of 66.80, a PEG ratio of 2.02 and a beta of 0.61. Marcus Corporation has a one year low of $12.85 and a one year high of $22.38. The company’s 50-day simple moving average is $15.53 and its 200-day simple moving average is $15.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.35 and a current ratio of 0.35.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 25th. Marcus’s dividend payout ratio is 133.33%.

Marcus announced that its Board of Directors has authorized a share repurchase program on Friday, October 31st that authorizes the company to buyback 4,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.