GSA Capital Partners LLP Raises Holdings in Marcus Corporation (The) $MCS

GSA Capital Partners LLP grew its stake in shares of Marcus Corporation (The) (NYSE:MCS) by 232.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,376 shares of the company’s stock after acquiring an additional 40,793 shares during the quarter. GSA Capital Partners LLP owned about 0.19% of Marcus worth $905,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bastion Asset Management Inc. acquired a new position in shares of Marcus in the 3rd quarter valued at $3,395,000. Acadian Asset Management LLC lifted its position in Marcus by 94.5% during the 2nd quarter. Acadian Asset Management LLC now owns 223,886 shares of the company’s stock worth $3,772,000 after acquiring an additional 108,771 shares during the period. Squarepoint Ops LLC grew its stake in Marcus by 332.2% during the 2nd quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock valued at $2,735,000 after purchasing an additional 124,664 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Marcus by 113.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 52,933 shares of the company’s stock valued at $892,000 after purchasing an additional 28,119 shares during the period. Finally, AlphaQuest LLC raised its stake in shares of Marcus by 2,963.8% in the second quarter. AlphaQuest LLC now owns 35,816 shares of the company’s stock worth $604,000 after purchasing an additional 34,647 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Trading Down 0.4%

Shares of NYSE:MCS opened at $16.41 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.38. Marcus Corporation has a 12-month low of $12.85 and a 12-month high of $21.73. The business has a 50 day moving average of $15.57 and a two-hundred day moving average of $15.23. The company has a market capitalization of $504.04 million, a PE ratio of 68.39, a PEG ratio of 2.37 and a beta of 0.61.

Marcus announced that its board has approved a share buyback plan on Friday, October 31st that allows the company to buyback 4,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Marcus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.32 dividend on an annualized basis and a yield of 1.9%. Marcus’s payout ratio is presently 133.33%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MCS. Barrington Research dropped their target price on Marcus from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Marcus from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.50.

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.