IndexIQ Advisors LLC boosted its position in shares of Marcus Corporation (The) (NYSE:MCS) by 82.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,000 shares of the company’s stock after acquiring an additional 12,238 shares during the period. IndexIQ Advisors LLC owned 0.14% of Marcus Corporation (The) worth $748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its position in shares of Marcus Corporation (The) by 266.2% during the second quarter. Acrospire Investment Management LLC now owns 3,303 shares of the company’s stock valued at $100,000 after buying an additional 2,401 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Marcus Corporation (The) by 80.1% during the second quarter. State of Alaska Department of Revenue now owns 3,764 shares of the company’s stock valued at $113,000 after buying an additional 1,674 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Marcus Corporation (The) by 4.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,470 shares of the company’s stock valued at $135,000 after buying an additional 210 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Marcus Corporation (The) during the second quarter valued at approximately $144,000. Finally, Stifel Financial Corp bought a new stake in shares of Marcus Corporation (The) during the second quarter valued at approximately $211,000. Institutional investors own 59.58% of the company’s stock.

Shares of Marcus Corporation (MCS) opened at $26.55 on Tuesday. Marcus Corporation has a 1 year low of $23.85 and a 1 year high of $34.90. The firm has a market cap of $734.92, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.47 and a quick ratio of 0.47.

Marcus Corporation (The) (NYSE:MCS) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Marcus Corporation (The) had a net margin of 6.51% and a return on equity of 9.73%. The company had revenue of $153.82 million for the quarter, compared to analysts’ expectations of $153.91 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. Marcus Corporation (The)’s quarterly revenue was up 6.3% on a year-over-year basis. analysts forecast that Marcus Corporation will post 1.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, November 24th. Marcus Corporation (The)’s payout ratio is 35.97%.

TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/14/marcus-corporation-the-mcs-holdings-raised-by-indexiq-advisors-llc.html.

MCS has been the topic of several recent analyst reports. TheStreet upgraded shares of Marcus Corporation (The) from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. B. Riley reiterated a “buy” rating and set a $38.00 price objective on shares of Marcus Corporation (The) in a research report on Monday, July 24th. Benchmark Co. reiterated a “buy” rating and set a $34.00 price objective (down previously from $37.00) on shares of Marcus Corporation (The) in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Marcus Corporation (The) from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, ValuEngine cut shares of Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.67.

About Marcus Corporation (The)

The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.

Want to see what other hedge funds are holding MCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marcus Corporation (The) (NYSE:MCS).

Institutional Ownership by Quarter for Marcus Corporation (The) (NYSE:MCS)

Receive News & Stock Ratings for Marcus Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus Corporation (The) and related stocks with our FREE daily email newsletter.