Marcus (NYSE:MCS) Sees Unusually-High Trading Volume

Marcus Corp (NYSE:MCS) shares saw an uptick in trading volume on Friday . 856,300 shares changed hands during mid-day trading, an increase of 312% from the previous session’s volume of 208,022 shares.The stock last traded at $35.01 and had previously closed at $34.33.

Several research firms have weighed in on MCS. Zacks Investment Research lowered Marcus from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. B. Riley raised Marcus from a “neutral” rating to a “buy” rating and increased their target price for the company from $41.00 to $46.00 in a research note on Friday, April 26th. Finally, ValuEngine lowered Marcus from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Marcus has an average rating of “Buy” and a consensus price target of $44.50.

The firm has a 50 day simple moving average of $33.91 and a two-hundred day simple moving average of $37.31. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.24 and a beta of 0.57.

Marcus (NYSE:MCS) last released its earnings results on Thursday, July 25th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Marcus had a return on equity of 9.59% and a net margin of 6.00%. The firm had revenue of $232.50 million for the quarter, compared to analyst estimates of $227.65 million. On average, sell-side analysts expect that Marcus Corp will post 1.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, August 26th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, August 23rd. Marcus’s dividend payout ratio is currently 32.99%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in Marcus by 1.8% during the 4th quarter. Legal & General Group Plc now owns 42,551 shares of the company’s stock worth $1,676,000 after buying an additional 770 shares during the last quarter. State of Alaska Department of Revenue raised its position in Marcus by 8.6% during the 1st quarter. State of Alaska Department of Revenue now owns 7,254 shares of the company’s stock worth $290,000 after buying an additional 575 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Marcus by 7.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the company’s stock worth $324,000 after buying an additional 585 shares during the last quarter. Meeder Asset Management Inc. raised its position in Marcus by 40.9% during the 1st quarter. Meeder Asset Management Inc. now owns 13,097 shares of the company’s stock worth $525,000 after buying an additional 3,799 shares during the last quarter. Finally, Boston Advisors LLC raised its position in Marcus by 5.7% during the 1st quarter. Boston Advisors LLC now owns 45,928 shares of the company’s stock worth $1,839,000 after buying an additional 2,478 shares during the last quarter. 64.16% of the stock is currently owned by institutional investors.

Marcus Company Profile (NYSE:MCS)

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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