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

Dynamic Technology Lab Private Ltd purchased a new stake in Marcus Corporation (The) (NYSE:MCS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 48,117 shares of the company’s stock, valued at approximately $747,000. Dynamic Technology Lab Private Ltd owned 0.16% of Marcus as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bastion Asset Management Inc. bought a new stake in shares of Marcus in the 3rd quarter valued at $3,395,000. Acadian Asset Management LLC lifted its position in shares of Marcus by 94.5% during the 2nd quarter. Acadian Asset Management LLC now owns 223,886 shares of the company’s stock valued at $3,772,000 after acquiring an additional 108,771 shares during the period. Squarepoint Ops LLC boosted its stake in Marcus by 332.2% during the second quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock worth $2,735,000 after acquiring an additional 124,664 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Marcus during the second quarter worth $309,000. Finally, Teton Advisors LLC acquired a new stake in Marcus in the third quarter worth $1,070,000. 81.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Barrington Research reissued an “outperform” rating and set a $24.00 price objective on shares of Marcus in a research report on Monday, March 2nd. Finally, Zacks Research downgraded Marcus from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Marcus Price Performance

Shares of MCS opened at $16.77 on Tuesday. The business’s fifty day moving average is $15.84 and its 200 day moving average is $15.36. Marcus Corporation has a 12-month low of $12.85 and a 12-month high of $18.80. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.37. 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.

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

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 25th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, February 25th. Marcus’s dividend payout ratio is currently 80.00%.

Marcus 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.