Cwm LLC Grows Stock Position in The Marcus Co. (NYSE:MCS)

Cwm LLC raised its position in The Marcus Co. (NYSE:MCS) by 98.8% during the third quarter, Holdings Channel.com reports. The firm owned 5,709 shares of the company’s stock after buying an additional 2,837 shares during the period. Cwm LLC’s holdings in Marcus were worth $86,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCS. Millennium Management LLC lifted its holdings in Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after purchasing an additional 294,593 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Marcus by 133.8% in the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after purchasing an additional 250,019 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Marcus by 71.0% in the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after purchasing an additional 183,909 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Marcus by 35.6% in the 2nd quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock valued at $2,638,000 after purchasing an additional 60,921 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Marcus in the 2nd quarter valued at about $539,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Marcus Stock Up 1.2 %

MCS opened at $16.66 on Friday. The firm has a 50 day moving average price of $15.01 and a 200 day moving average price of $12.90. The company has a market cap of $535.62 million, a PE ratio of -22.21 and a beta of 1.52. The Marcus Co. has a 1 year low of $9.56 and a 1 year high of $16.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). The business had revenue of $176.03 million for the quarter, compared to analyst estimates of $170.74 million. Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. During the same period last year, the company posted $0.35 EPS. Sell-side analysts expect that The Marcus Co. will post -0.04 earnings per share for the current year.

Marcus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, August 26th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Monday, August 26th. Marcus’s dividend payout ratio (DPR) is -37.33%.

Analyst Ratings Changes

MCS has been the topic of a number of recent research reports. Benchmark upped their target price on shares of Marcus from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Barrington Research reiterated an “outperform” rating and set a $20.00 price objective on shares of Marcus in a report on Friday, September 20th. Finally, B. Riley increased their price objective on shares of Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, July 8th.

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.