GSA Capital Partners LLP Raises Stock Holdings in Marcus Corporation (The) $MCS

GSA Capital Partners LLP grew its holdings in Marcus Corporation (The) (NYSE:MCS) by 232.0% in the third quarter, Holdings Channel reports. The institutional investor owned 58,376 shares of the company’s stock after acquiring an additional 40,793 shares during the quarter. GSA Capital Partners LLP’s holdings in Marcus were worth $905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after acquiring an additional 624 shares during the period. Millennium Management LLC lifted its holdings in Marcus by 11.1% during the first quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock valued at $6,553,000 after purchasing an additional 39,118 shares in the last quarter. Empowered Funds LLC lifted its holdings in Marcus by 2.1% during the first quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock valued at $2,883,000 after purchasing an additional 3,562 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Marcus in the second quarter valued at about $639,000. Finally, AlphaQuest LLC increased its stake in shares of Marcus by 2,963.8% during the second quarter. AlphaQuest LLC now owns 35,816 shares of the company’s stock worth $604,000 after purchasing an additional 34,647 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MCS shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Barrington Research lowered their price target on Marcus from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Finally, Zacks Research cut Marcus from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Marcus Stock Down 0.4%

MCS stock opened at $16.41 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $15.57 and a two-hundred day moving average of $15.23. Marcus Corporation has a 12 month low of $12.85 and a 12 month high of $21.73. The company has a market cap of $504.04 million, a price-to-earnings ratio of 68.39, a PEG ratio of 2.37 and a beta of 0.61.

Marcus announced that its Board of Directors has initiated a share repurchase program on Friday, October 31st that authorizes the company to repurchase 4,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Marcus Announces Dividend

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 given a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.32 dividend on an annualized basis and a yield of 1.9%. Marcus’s dividend payout ratio (DPR) is presently 133.33%.

About Marcus

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.