Victory Capital Management Inc. Buys 3,767 Shares of Marcus Corporation (The) (MCS)

Victory Capital Management Inc. lifted its stake in Marcus Corporation (The) (NYSE:MCS) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,947 shares of the company’s stock after acquiring an additional 3,767 shares during the quarter. Victory Capital Management Inc. owned approximately 0.33% of Marcus Corporation (The) worth $1,901,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in shares of Marcus Corporation (The) by 11.5% in the first quarter. Prudential Financial Inc. now owns 56,481 shares of the company’s stock valued at $1,813,000 after acquiring an additional 5,820 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Marcus Corporation (The) by 28.9% in the first quarter. Renaissance Technologies LLC now owns 306,400 shares of the company’s stock valued at $9,835,000 after acquiring an additional 68,700 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Marcus Corporation (The) in the first quarter valued at about $259,000. Westwood Holdings Group Inc. increased its position in shares of Marcus Corporation (The) by 0.6% in the first quarter. Westwood Holdings Group Inc. now owns 364,672 shares of the company’s stock valued at $11,706,000 after acquiring an additional 2,195 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Marcus Corporation (The) by 4.5% in the first quarter. Comerica Bank now owns 20,935 shares of the company’s stock valued at $724,000 after acquiring an additional 909 shares during the last quarter. 59.49% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This report was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://sportsperspectives.com/2017/09/11/victory-capital-management-inc-buys-3767-shares-of-marcus-corporation-the-mcs.html.

A number of research firms recently issued reports on MCS. ValuEngine raised Marcus Corporation (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. B. Riley reiterated a “buy” rating and set a $38.00 price target (down previously from $42.00) on shares of Marcus Corporation (The) in a report on Wednesday, July 19th. Barrington Research reduced their price target on Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Finally, TheStreet cut Marcus Corporation (The) from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Marcus Corporation (The) presently has a consensus rating of “Buy” and an average price target of $37.45.

Marcus Corporation (NYSE:MCS) opened at 25.30 on Monday. The company’s 50-day moving average price is $25.98 and its 200-day moving average price is $30.22. Marcus Corporation has a 12-month low of $22.82 and a 12-month high of $34.90. The company has a market cap of $703.82 million, a PE ratio of 16.75 and a beta of 0.66.

Marcus Corporation (The) (NYSE:MCS) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The firm had revenue of $152.80 million during the quarter, compared to analysts’ expectations of $158.43 million. Marcus Corporation (The) had a net margin of 7.18% and a return on equity of 10.78%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Equities analysts anticipate that Marcus Corporation will post $1.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.50 annualized dividend and a yield of 1.98%. Marcus Corporation (The)’s dividend payout ratio (DPR) is 33.11%.

Marcus Corporation (The) 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.

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

Receive News & Ratings for Marcus Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply