Dynamic Technology Lab Private Ltd Makes New $747,000 Investment in Marcus Corporation (The) $MCS

Dynamic Technology Lab Private Ltd acquired a new position in Marcus Corporation (The) (NYSE:MCS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,117 shares of the company’s stock, valued at approximately $747,000.

A number of other large investors also recently modified their holdings of MCS. Gabelli Funds LLC raised its position in Marcus by 0.9% in the 3rd quarter. Gabelli Funds LLC now owns 190,000 shares of the company’s stock valued at $2,947,000 after buying an additional 1,700 shares during the last quarter. Teton Advisors LLC purchased a new position in Marcus during the 3rd quarter worth $1,070,000. Victory Capital Management Inc. boosted its holdings in Marcus by 3.6% during the 3rd quarter. Victory Capital Management Inc. now owns 72,586 shares of the company’s stock worth $1,126,000 after acquiring an additional 2,536 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Marcus by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 912,696 shares of the company’s stock worth $14,156,000 after acquiring an additional 40,295 shares in the last quarter. Finally, Heartland Advisors Inc. grew its stake in shares of Marcus by 33.3% in the 3rd quarter. Heartland Advisors Inc. now owns 200,000 shares of the company’s stock worth $3,102,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Stock Down 3.4%

MCS stock opened at $16.77 on Tuesday. The stock has a market cap of $515.07 million, a P/E ratio of 41.93, a P/E/G ratio of 2.43 and a beta of 0.57. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $15.84 and its two-hundred day simple moving average is $15.36. Marcus Corporation has a 1-year low of $12.85 and a 1-year high of $18.80.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). The business had revenue of $193.50 million for the quarter, compared to analysts’ expectations of $185.19 million. Marcus had a net margin of 1.67% and a return on equity of 0.46%. Analysts expect that Marcus Corporation will post 0.36 EPS for the current year.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors 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 yield of 1.9%. The ex-dividend date is Wednesday, February 25th. Marcus’s dividend payout ratio (DPR) is 80.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of Marcus in a report on Monday, March 2nd. Zacks Research downgraded shares of Marcus from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

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. 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.