Hsbc Holdings PLC Acquires 27,436 Shares of Marcus Corporation (The) $MCS

Hsbc Holdings PLC raised its holdings in shares of Marcus Corporation (The) (NYSE:MCS) by 45.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,933 shares of the company’s stock after buying an additional 27,436 shares during the period. Hsbc Holdings PLC owned about 0.29% of Marcus worth $1,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Marcus by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock worth $231,000 after buying an additional 624 shares during the period. Russell Investments Group Ltd. boosted its holdings in Marcus by 29.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,942 shares of the company’s stock valued at $46,000 after acquiring an additional 678 shares during the period. Tower Research Capital LLC TRC grew its position in Marcus by 60.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after acquiring an additional 937 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its position in Marcus by 0.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock worth $3,167,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Marcus by 1.2% in the 3rd quarter. Bank of America Corp DE now owns 102,695 shares of the company’s stock worth $1,593,000 after purchasing an additional 1,205 shares during the period. 81.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MCS. Zacks Research upgraded Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Marcus in a report on Monday, May 4th. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. B. Riley Financial upped their price target on shares of Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Wedbush increased their price target on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.25.

Marcus Stock Up 2.6%

Shares of NYSE:MCS opened at $24.43 on Tuesday. Marcus Corporation has a 1 year low of $12.85 and a 1 year high of $24.89. The company has a market cap of $750.89 million, a PE ratio of 56.83, a P/E/G ratio of 2.98 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s 50-day moving average is $21.78 and its 200 day moving average is $18.58.

Marcus (NYSE:MCS) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The business had revenue of $154.40 million during the quarter, compared to analyst estimates of $148.78 million. Sell-side analysts anticipate that Marcus Corporation will post 0.53 EPS for the current year.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, June 1st. Marcus’s dividend payout ratio is currently 74.42%.

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.