Los Angeles Capital Management LLC Buys Shares of 47,420 The Marcus Co. (NYSE:MCS)

Los Angeles Capital Management LLC purchased a new position in The Marcus Co. (NYSE:MCS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,420 shares of the company’s stock, valued at approximately $539,000. Los Angeles Capital Management LLC owned approximately 0.15% of Marcus at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Savant Capital LLC lifted its position in Marcus by 17.9% in the 2nd quarter. Savant Capital LLC now owns 76,132 shares of the company’s stock worth $866,000 after buying an additional 11,536 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Marcus by 32.6% in the second quarter. Victory Capital Management Inc. now owns 93,405 shares of the company’s stock worth $1,062,000 after acquiring an additional 22,955 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Marcus during the second quarter worth $30,000. Wedge Capital Management L L P NC boosted its position in Marcus by 39.1% during the second quarter. Wedge Capital Management L L P NC now owns 87,347 shares of the company’s stock valued at $993,000 after purchasing an additional 24,537 shares during the last quarter. Finally, CWM LLC grew its stake in Marcus by 3,319.0% in the second quarter. CWM LLC now owns 2,872 shares of the company’s stock valued at $33,000 after purchasing an additional 2,788 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Stock Up 1.1 %

MCS opened at $14.49 on Friday. The firm has a market cap of $465.85 million, a P/E ratio of 60.38 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51. The business has a 50 day moving average price of $12.99 and a 200 day moving average price of $12.64. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $15.88.

Marcus (NYSE:MCS) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. The firm had revenue of $176.03 million during the quarter, compared to analyst estimates of $170.74 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Research analysts forecast that The Marcus Co. will post -0.14 EPS for the current year.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, August 26th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, August 26th. Marcus’s dividend payout ratio is currently 116.67%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MCS. StockNews.com lowered Marcus from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Benchmark reiterated a “buy” rating and issued a $18.00 target price on shares of Marcus in a research note on Monday, July 29th. B. Riley increased their price target on shares of Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Marcus in a research note on Friday, August 2nd.

Marcus Company Profile

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.