State Street Corp Increases Stake in Marcus Corporation (The) (MCS)

State Street Corp grew its position in Marcus Corporation (The) (NYSE:MCS) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 491,067 shares of the company’s stock after purchasing an additional 10,405 shares during the period. State Street Corp owned approximately 2.55% of Marcus Corporation (The) worth $14,829,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC increased its holdings in shares of Marcus Corporation (The) by 266.2% in the second quarter. Acrospire Investment Management LLC now owns 3,303 shares of the company’s stock valued at $100,000 after purchasing an additional 2,401 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Marcus Corporation (The) by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 3,764 shares of the company’s stock valued at $113,000 after acquiring an additional 1,674 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Marcus Corporation (The) by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,470 shares of the company’s stock valued at $135,000 after acquiring an additional 210 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Marcus Corporation (The) in the second quarter valued at approximately $144,000. Finally, Stifel Financial Corp purchased a new position in shares of Marcus Corporation (The) in the second quarter valued at approximately $211,000. 60.11% of the stock is currently owned by institutional investors and hedge funds.

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MCS has been the topic of several research reports. TheStreet upgraded Marcus Corporation (The) from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. B. Riley reiterated a “buy” rating and set a $36.00 price objective on shares of Marcus Corporation (The) in a research report on Friday, October 27th. Benchmark Co. reissued a “buy” rating and set a $34.00 target price (down previously from $37.00) on shares of Marcus Corporation (The) in a research note on Wednesday, October 4th. Zacks Investment Research raised Marcus Corporation (The) from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, ValuEngine cut Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $35.67.

Shares of Marcus Corporation (MCS) opened at $28.00 on Thursday. Marcus Corporation has a fifty-two week low of $23.85 and a fifty-two week high of $34.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $780.86, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.23 and a beta of 0.71.

Marcus Corporation (The) (NYSE:MCS) last posted its earnings results on Thursday, October 26th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Marcus Corporation (The) had a return on equity of 9.73% and a net margin of 6.51%. The business had revenue of $153.82 million during the quarter, compared to the consensus estimate of $153.91 million. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. sell-side analysts predict that Marcus Corporation will post 1.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 27th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, November 24th. Marcus Corporation (The)’s dividend payout ratio (DPR) is presently 35.97%.

Marcus Corporation (The) Company Profile

The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.

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Institutional Ownership by Quarter for Marcus Corporation (The) (NYSE:MCS)

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