Marcus Corporation (The) $MCS Shares Sold by Bastion Asset Management Inc.

Bastion Asset Management Inc. reduced its position in shares of Marcus Corporation (The) (NYSE:MCS) by 35.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,132 shares of the company’s stock after selling 131,480 shares during the period. Bastion Asset Management Inc.’s holdings in Marcus were worth $3,946,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Navalign LLC purchased a new stake in Marcus in the 4th quarter valued at approximately $33,000. Russell Investments Group Ltd. lifted its holdings in shares of Marcus by 550.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after buying an additional 1,916 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Marcus by 60.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after buying an additional 937 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Marcus by 656.0% in the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after buying an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Marcus by 67.6% during the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after acquiring an additional 4,076 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Stock Performance

MCS opened at $22.54 on Friday. Marcus Corporation has a 1-year low of $12.85 and a 1-year high of $24.89. The stock has a market cap of $692.50 million, a P/E ratio of 52.41, a P/E/G ratio of 2.81 and a beta of 0.51. The stock’s 50 day simple moving average is $20.91 and its 200 day simple moving average is $18.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35.

Marcus (NYSE:MCS) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.03. The firm had revenue of $154.40 million during the quarter, compared to analysts’ expectations of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. As a group, equities analysts anticipate that Marcus Corporation will post 0.53 EPS for the current fiscal year.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Marcus’s payout ratio is 74.42%.

Wall Street Analysts Forecast Growth

MCS has been the subject of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $25.00 target price on shares of Marcus in a report on Monday, May 4th. B. Riley Financial upped their price target on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Marcus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Wedbush boosted their price objective on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $24.25.

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.