Rice Hall James & Associates LLC Sells 2,517 Shares of Marcus Corp (NYSE:MCS)

Rice Hall James & Associates LLC decreased its holdings in Marcus Corp (NYSE:MCS) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,343 shares of the company’s stock after selling 2,517 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.14% of Marcus worth $1,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Gravity Wealth Inc. raised its position in shares of Marcus by 3,288.9% during the second quarter. Financial Gravity Wealth Inc. now owns 915 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Marcus during the second quarter worth $38,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Marcus by 147.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,158 shares of the company’s stock worth $86,000 after purchasing an additional 1,287 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Marcus during the first quarter worth $99,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Marcus by 252.4% during the first quarter. BNP Paribas Arbitrage SA now owns 4,190 shares of the company’s stock worth $168,000 after purchasing an additional 3,001 shares during the period. Hedge funds and other institutional investors own 64.16% of the company’s stock.

Shares of Marcus stock traded up $0.50 during trading on Friday, reaching $34.83. 1,329 shares of the company were exchanged, compared to its average volume of 229,648. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. Marcus Corp has a twelve month low of $31.90 and a twelve month high of $45.82. The business has a 50-day moving average price of $33.85 and a 200-day moving average price of $37.32. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.31 and a beta of 0.57.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Marcus had a return on equity of 9.59% and a net margin of 6.00%. The business had revenue of $232.50 million during the quarter, compared to analysts’ expectations of $227.65 million. On average, equities research analysts forecast that Marcus Corp will post 1.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, August 26th will be paid a $0.16 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.84%. Marcus’s payout ratio is 32.99%.

MCS has been the subject of a number of analyst reports. Zacks Investment Research cut Marcus from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. ValuEngine cut Marcus from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Finally, B. Riley raised Marcus from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $41.00 to $46.00 in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Marcus has a consensus rating of “Buy” and a consensus target price of $44.50.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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Institutional Ownership by Quarter for Marcus (NYSE:MCS)

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