42,937 Shares in The Marcus Co. (NYSE:MCS) Bought by Brandywine Global Investment Management LLC

Posted by Defense World Staff on May 28th, 2023

Brandywine Global Investment Management LLC bought a new position in The Marcus Co. (NYSE:MCS – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42,937 shares of the company’s stock, valued at approximately $618,000. Brandywine Global Investment Management LLC owned 0.14% of Marcus at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCS. Yousif Capital Management LLC boosted its stake in shares of Marcus by 5.6% during the 3rd quarter. Yousif Capital Management LLC now owns 19,406 shares of the company’s stock worth $270,000 after buying an additional 1,025 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Marcus during the 3rd quarter worth about $211,000. Prudential Financial Inc. raised its holdings in shares of Marcus by 30.0% in the 3rd quarter. Prudential Financial Inc. now owns 149,841 shares of the company’s stock valued at $2,081,000 after purchasing an additional 34,575 shares during the period. Atom Investors LP bought a new stake in shares of Marcus in the 3rd quarter valued at about $1,789,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Marcus by 15.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,094 shares of the company’s stock valued at $112,000 after purchasing an additional 1,063 shares during the period. 77.68% of the stock is owned by institutional investors and hedge funds.

Marcus Stock Down 1.0 %

Shares of MCS opened at $15.52 on Friday. The Marcus Co. has a 12 month low of $13.62 and a 12 month high of $18.23. The firm’s 50 day moving average is $16.45 and its 200-day moving average is $15.75. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.43.

Marcus (NYSE:MCS – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.08. Marcus had a negative net margin of 0.94% and a positive return on equity of 0.04%. The company had revenue of $162.95 million for the quarter, compared to analysts’ expectations of $157.89 million. On average, analysts expect that The Marcus Co. will post 0.25 EPS for the current year.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, June 2nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. Marcus’s dividend payout ratio is -74.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MCS shares. StockNews.com started coverage on shares of Marcus in a report on Thursday, May 18th. They issued a “hold” rating on the stock. TheStreet raised shares of Marcus from a “d+” rating to a “c-” rating in a report on Thursday, April 6th. B. Riley upped their target price on shares of Marcus from $24.00 to $27.00 and gave the company a “buy” rating in a report on Monday, April 10th. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Marcus in a report on Monday, March 6th. Finally, Barrington Research reissued an “outperform” rating and issued a $19.00 price target on shares of Marcus in a report on Tuesday, March 14th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Marcus presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Marcus Company Profile

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Marcus Corp. engages in the lodging and entertainment industries. It operates through the following business segments: Theatres and Hotels & Resorts. The Theatres segment includes multiscreen motion picture theatres and a family entertainment center. The Hotels & Resorts segment owns and operates full service hotels and resorts.