Pacer Advisors Inc. acquired a new position in shares of Marcus Corp (NYSE:MCS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,675 shares of the company’s stock, valued at approximately $286,000.

Several other large investors have also added to or reduced their stakes in MCS. 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 acquiring an additional 888 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Marcus in the second quarter worth about $38,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Marcus by 147.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,158 shares of the company’s stock worth $86,000 after acquiring an additional 1,287 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Marcus in the first quarter worth about $99,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Marcus by 252.4% in the first quarter. BNP Paribas Arbitrage SA now owns 4,190 shares of the company’s stock worth $168,000 after acquiring an additional 3,001 shares during the last quarter. 64.54% of the stock is owned by institutional investors.

Shares of NYSE:MCS traded down $0.13 during trading on Tuesday, hitting $36.28. 415 shares of the company’s stock were exchanged, compared to its average volume of 114,453. Marcus Corp has a 1-year low of $31.90 and a 1-year high of $45.82. The firm has a 50-day moving average price of $34.52 and a two-hundred day moving average price of $36.38. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.11 billion, a P/E ratio of 18.74, a PEG ratio of 1.30 and a beta of 0.59.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. Marcus had a net margin of 6.00% and a return on equity of 9.59%. The company had revenue of $232.50 million during the quarter, compared to analysts’ expectations of $227.65 million. As a group, research analysts predict that Marcus Corp will post 1.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Friday, August 23rd. Marcus’s dividend payout ratio is 32.99%.

Separately, Zacks Investment Research downgraded shares of Marcus from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Marcus presently has a consensus rating of “Buy” and a consensus price target of $44.50.

About Marcus

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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Institutional Ownership by Quarter for Marcus (NYSE:MCS)

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