Orbis Allan Gray Ltd bought a new stake in The Marcus Co. (NYSE:MCS – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 90,010 shares of the company’s stock, valued at approximately $1,440,000. Orbis Allan Gray Ltd owned 0.29% of Marcus as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. KBC Group NV grew its stake in Marcus by 61.4% during the 1st quarter. KBC Group NV now owns 2,614 shares of the company’s stock worth $42,000 after buying an additional 994 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of Marcus during the third quarter worth about $52,000. CI Investments Inc. acquired a new stake in shares of Marcus in the 4th quarter worth about $71,000. Parkside Financial Bank & Trust increased its holdings in shares of Marcus by 71,428.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 5,007 shares of the company’s stock worth $80,000 after acquiring an additional 5,000 shares during the period. Finally, State of Wyoming lifted its position in Marcus by 23.1% in the 4th quarter. State of Wyoming now owns 5,700 shares of the company’s stock valued at $82,000 after purchasing an additional 1,071 shares during the last quarter. 81.57% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Marcus in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $22.00.
Marcus Stock Performance
Shares of MCS traded down $0.15 during trading hours on Friday, reaching $14.73. 193,076 shares of the company’s stock traded hands, compared to its average volume of 173,827. The Marcus Co. has a twelve month low of $13.62 and a twelve month high of $18.05. The business’s fifty day simple moving average is $15.44 and its two-hundred day simple moving average is $15.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $466.79 million, a price-to-earnings ratio of -92.06, a P/E/G ratio of 3.74 and a beta of 1.55.
Marcus (NYSE:MCS – Get Free Report) last released its earnings results on Wednesday, August 2nd. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. Marcus had a negative net margin of 0.29% and a positive return on equity of 1.02%. The firm had revenue of $207.01 million for the quarter, compared to analysts’ expectations of $205.59 million. Analysts predict that The Marcus Co. will post 0.27 earnings per share for the current year.
Marcus Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, August 24th. This is a positive change from Marcus’s previous quarterly dividend of $0.05. Marcus’s dividend payout ratio (DPR) is currently -174.99%.
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. The company's Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.
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