Susquehanna International Group LLP Has $1.10 Million Stake in Marcus Corporation (The) $MCS

Susquehanna International Group LLP lifted its holdings in shares of Marcus Corporation (The) (NYSE:MCS) by 183.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,094 shares of the company’s stock after purchasing an additional 30,457 shares during the quarter. Susquehanna International Group LLP owned 0.15% of Marcus worth $1,105,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Saber Capital Managment LLC acquired a new position in shares of Marcus in the fourth quarter valued at approximately $7,836,000. Pacific Ridge Capital Partners LLC acquired a new stake in shares of Marcus during the fourth quarter worth $2,594,000. Gamco Investors INC. ET AL lifted its position in Marcus by 12.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock valued at $14,205,000 after acquiring an additional 100,480 shares in the last quarter. Bastion Asset Management Inc. lifted its position in Marcus by 70.1% in the 4th quarter. Bastion Asset Management Inc. now owns 374,612 shares of the company’s stock valued at $5,716,000 after acquiring an additional 154,439 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Marcus in the 1st quarter worth $844,000. Institutional investors own 81.57% of the company’s stock.

Marcus Trading Down 0.2%

NYSE MCS opened at $28.97 on Monday. Marcus Corporation has a 12 month low of $12.85 and a 12 month high of $32.42. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $26.17 and a 200-day moving average of $20.96. The company has a market cap of $893.20 million, a PE ratio of 40.80 and a beta of 0.51.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. The company had revenue of $231.74 million during the quarter, compared to the consensus estimate of $217.72 million. Marcus had a net margin of 2.87% and a return on equity of 2.67%. On average, equities research analysts anticipate that Marcus Corporation will post 0.81 EPS for the current fiscal year.

Marcus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $0.36 annualized dividend and a yield of 1.2%. This is an increase from Marcus’s previous quarterly dividend of $0.08. Marcus’s payout ratio is currently 50.70%.

Wall Street Analyst Weigh In

MCS has been the topic of several recent research reports. Benchmark lifted their price target on Marcus from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Zacks Research raised Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded Marcus from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Barrington Research set a $33.00 price target on shares of Marcus in a research note on Monday, August 3rd. Finally, Wedbush lifted their price objective on shares of Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.25.

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. 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.