Rhumbline Advisers boosted its position in Marcus Corp (NYSE:MCS) by 10.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 73,037 shares of the company’s stock after acquiring an additional 7,208 shares during the period. Rhumbline Advisers owned 0.24% of Marcus worth $2,703,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in Marcus by 0.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 54,230 shares of the company’s stock valued at $1,783,000 after acquiring an additional 300 shares during the period. MML Investors Services LLC raised its stake in shares of Marcus by 2.0% in the second quarter. MML Investors Services LLC now owns 26,527 shares of the company’s stock worth $874,000 after buying an additional 520 shares during the period. Arizona State Retirement System raised its stake in shares of Marcus by 1.8% in the second quarter. Arizona State Retirement System now owns 33,829 shares of the company’s stock worth $1,115,000 after buying an additional 606 shares during the period. Financial Gravity Wealth Inc. raised its stake in shares of Marcus by 3,288.9% in the second quarter. Financial Gravity Wealth Inc. now owns 915 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the period. Finally, Balyasny Asset Management LLC raised its stake in shares of Marcus by 6.4% in the second quarter. Balyasny Asset Management LLC now owns 16,636 shares of the company’s stock worth $548,000 after buying an additional 1,005 shares during the period. Institutional investors and hedge funds own 63.94% of the company’s stock.
MCS has been the topic of several recent research reports. Deutsche Bank reaffirmed a “hold” rating on shares of Marcus in a research note on Friday. Zacks Investment Research downgraded Marcus from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Finally, ValuEngine downgraded Marcus from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Marcus has an average rating of “Hold” and a consensus target price of $44.50.
Shares of NYSE MCS traded down $0.27 during trading on Tuesday, hitting $34.04. The company had a trading volume of 2,284 shares, compared to its average volume of 162,338. The stock has a 50 day simple moving average of $35.67 and a 200 day simple moving average of $35.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.36 and a current ratio of 0.36. Marcus Corp has a 12 month low of $31.90 and a 12 month high of $45.82. The firm has a market capitalization of $1.06 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.33 and a beta of 0.53.
Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.09). The company had revenue of $211.46 million during the quarter, compared to the consensus estimate of $209.59 million. Marcus had a return on equity of 8.86% and a net margin of 5.44%. As a group, analysts predict that Marcus Corp will post 1.72 EPS for the current year.
Marcus Company Profile
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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