GAMMA Investing LLC Takes $33,000 Position in The Marcus Co. (NYSE:MCS)

GAMMA Investing LLC bought a new stake in The Marcus Co. (NYSE:MCS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,465 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. acquired a new position in Marcus in the 4th quarter valued at about $15,410,000. Acadian Asset Management LLC increased its position in Marcus by 2,777,533.3% during the 3rd quarter. Acadian Asset Management LLC now owns 166,658 shares of the company’s stock worth $2,582,000 after purchasing an additional 166,652 shares during the period. Assenagon Asset Management S.A. increased its position in Marcus by 27.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 335,302 shares of the company’s stock worth $4,889,000 after purchasing an additional 71,189 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Marcus during the 3rd quarter worth approximately $1,047,000. Finally, Invesco Ltd. increased its position in Marcus by 7.3% during the 3rd quarter. Invesco Ltd. now owns 422,664 shares of the company’s stock worth $6,551,000 after purchasing an additional 28,936 shares during the period. 81.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on MCS shares. StockNews.com cut Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Barrington Research restated an “outperform” rating and issued a $20.00 price target on shares of Marcus in a report on Monday, April 22nd. Finally, Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Marcus in a report on Tuesday, March 5th.

Marcus Trading Down 1.2 %

Shares of Marcus stock opened at $11.91 on Monday. The Marcus Co. has a fifty-two week low of $11.58 and a fifty-two week high of $17.25. The firm has a market cap of $377.79 million, a PE ratio of 49.63, a P/E/G ratio of 6.35 and a beta of 1.48. The business’s fifty day moving average is $13.84 and its two-hundred day moving average is $14.25. The company has a quick ratio of 0.62, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.12. The company had revenue of $161.53 million for the quarter, compared to analyst estimates of $160.75 million. Marcus had a return on equity of 2.66% and a net margin of 1.73%. 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 issued a $0.07 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.28 annualized dividend and a yield of 2.35%. Marcus’s dividend payout ratio is currently 116.67%.

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.