Wedge Capital Management L L P NC Buys 9,681 Shares of The Marcus Co. (NYSE:MCS)

Wedge Capital Management L L P NC lifted its stake in shares of The Marcus Co. (NYSE:MCS) by 39.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,046 shares of the company’s stock after purchasing an additional 9,681 shares during the period. Wedge Capital Management L L P NC owned 0.11% of Marcus worth $496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. WINTON GROUP Ltd raised its stake in shares of Marcus by 8.3% during the 3rd quarter. WINTON GROUP Ltd now owns 22,650 shares of the company’s stock worth $351,000 after purchasing an additional 1,735 shares in the last quarter. KLCM Advisors Inc. increased its holdings in shares of Marcus by 0.5% in the fourth quarter. KLCM Advisors Inc. now owns 564,964 shares of the company’s stock valued at $8,237,000 after purchasing an additional 2,999 shares during the last quarter. Swiss National Bank increased its holdings in shares of Marcus by 8.4% in the third quarter. Swiss National Bank now owns 51,400 shares of the company’s stock valued at $797,000 after purchasing an additional 4,000 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Marcus by 21.2% in the third quarter. Janney Montgomery Scott LLC now owns 25,621 shares of the company’s stock valued at $397,000 after purchasing an additional 4,490 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Marcus in the fourth quarter valued at $179,000. Institutional investors own 81.57% of the company’s stock.

Marcus Trading Down 0.9 %

MCS stock opened at $13.35 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.62 and a current ratio of 0.62. The company’s 50-day simple moving average is $14.04 and its 200 day simple moving average is $14.37. The Marcus Co. has a 52 week low of $12.78 and a 52 week high of $17.84. The company has a market capitalization of $423.46 million, a PE ratio of 43.06, a price-to-earnings-growth ratio of 7.18 and a beta of 1.47.

Marcus (NYSE:MCS) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.12. Marcus had a net margin of 2.03% and a return on equity of 3.19%. The business had revenue of $161.53 million for the quarter, compared to the consensus estimate of $160.75 million. As a group, sell-side analysts anticipate that The Marcus Co. will post 0.13 earnings per share for the current year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, March 1st. Marcus’s payout ratio is currently 90.32%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $20.00 price objective on shares of Marcus in a report on Monday, April 22nd. StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. B. Riley decreased their price objective on shares of Marcus from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Marcus in a report on Tuesday, March 5th.

Marcus Company 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.