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

Wedge Capital Management L L P NC raised its holdings in The Marcus Co. (NYSE:MCS) by 39.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,046 shares of the company’s stock after buying an additional 9,681 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Marcus were worth $496,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Pacer Advisors Inc. bought a new position in shares of Marcus in the fourth quarter valued at $15,410,000. KLCM Advisors Inc. lifted its position in shares of Marcus by 0.5% during 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 in the last quarter. Invesco Ltd. lifted its position in shares of Marcus by 7.3% during the third quarter. Invesco Ltd. now owns 422,664 shares of the company’s stock valued at $6,551,000 after purchasing an additional 28,936 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Marcus by 27.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 335,302 shares of the company’s stock valued at $4,889,000 after purchasing an additional 71,189 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Marcus by 10.1% during the third quarter. American Century Companies Inc. now owns 282,259 shares of the company’s stock valued at $4,375,000 after purchasing an additional 25,867 shares in the last quarter. 81.57% of the stock is owned by institutional investors.

Marcus Stock Performance

NYSE MCS opened at $13.35 on Friday. The Marcus Co. has a 52-week low of $12.78 and a 52-week high of $17.84. The company has a 50-day simple moving average of $14.04 and a 200 day simple moving average of $14.37. 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 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 posted its earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.12. The firm had revenue of $161.53 million during the quarter, compared to the consensus estimate of $160.75 million. Marcus had a net margin of 2.03% and a return on equity of 3.19%. On average, research analysts predict that The Marcus Co. will post 0.13 EPS for the current year.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.28 annualized dividend and a dividend yield of 2.10%. Marcus’s payout ratio is 90.32%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barrington Research reissued an “outperform” rating and set a $20.00 price target on shares of Marcus in a research report on Monday, April 22nd. B. Riley dropped their price target on shares of Marcus from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 2nd. StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Marcus in a report on Tuesday, March 5th.

About Marcus

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.