Victory Capital Management Inc. Reduces Holdings in Marcus Corporation (The) (NYSE:MCS)

Victory Capital Management Inc. decreased its holdings in shares of Marcus Corporation (The) (NYSE:MCS) by 3.2% during the first quarter, Holdings Channel.com reports. The fund owned 73,450 shares of the company’s stock after selling 2,400 shares during the period. Victory Capital Management Inc.’s holdings in Marcus were worth $1,226,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MCS. KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus during the fourth quarter worth about $114,000. Vanguard Group Inc. lifted its holdings in shares of Marcus by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 1,440,951 shares of the company’s stock worth $30,980,000 after purchasing an additional 8,102 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Marcus by 1,102.0% during the fourth quarter. Prudential Financial Inc. now owns 142,220 shares of the company’s stock worth $3,058,000 after purchasing an additional 130,388 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Marcus by 69.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 599,118 shares of the company’s stock worth $12,881,000 after purchasing an additional 246,375 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its holdings in shares of Marcus by 183.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 50,150 shares of the company’s stock worth $1,078,000 after purchasing an additional 32,470 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Trading Down 2.9%

Shares of NYSE:MCS opened at $16.28 on Thursday. Marcus Corporation has a 12-month low of $12.17 and a 12-month high of $23.16. The company has a market capitalization of $509.56 million, a PE ratio of -38.76, a PEG ratio of 2.77 and a beta of 1.24. The business has a 50 day moving average of $17.36 and a two-hundred day moving average of $17.83. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.45.

Marcus (NYSE:MCS) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.02). Marcus had a negative net margin of 1.71% and a positive return on equity of 1.51%. The company had revenue of $148.77 million during the quarter, compared to analyst estimates of $145.50 million. As a group, analysts forecast that Marcus Corporation will post 0.36 EPS for the current year.

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, May 27th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, May 27th. Marcus’s payout ratio is presently -66.67%.

Wall Street Analyst Weigh In

MCS has been the subject of a number of research reports. Wall Street Zen downgraded Marcus from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Wedbush initiated coverage on Marcus in a report on Friday, July 18th. They set an “outperform” rating and a $24.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Marcus in a report on Friday, April 11th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Marcus in a report on Friday, May 23rd. Finally, B. Riley assumed coverage on Marcus in a report on Friday, May 16th. They set a “buy” rating and a $24.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Marcus presently has a consensus rating of “Buy” and an average price target of $24.50.

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.