The Marcus Co. (NYSE:MCS) Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of The Marcus Co. (NYSE:MCS) by 20.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 290,328 shares of the company’s stock after selling 76,506 shares during the period. Bank of New York Mellon Corp owned 0.90% of Marcus worth $3,301,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Gate City Capital Management LLC bought a new position in Marcus in the 4th quarter worth about $11,669,000. Parallel Advisors LLC grew its position in Marcus by 193.2% in the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after purchasing an additional 1,246 shares during the last quarter. Hsbc Holdings PLC grew its position in Marcus by 29.7% in the 4th quarter. Hsbc Holdings PLC now owns 89,683 shares of the company’s stock worth $1,308,000 after purchasing an additional 20,538 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in Marcus by 35.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 21,431 shares of the company’s stock worth $305,000 after purchasing an additional 5,640 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Marcus by 221.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the company’s stock worth $216,000 after purchasing an additional 10,454 shares during the last quarter. Institutional investors own 81.57% of the company’s stock.

Analyst Ratings Changes

MCS has been the subject of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Marcus in a research note on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Marcus in a research note on Monday, July 29th. B. Riley upped 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, StockNews.com lowered shares of Marcus from a “hold” rating to a “sell” rating in a research note on Monday, July 29th.

Marcus Stock Up 1.1 %

MCS stock opened at $14.49 on Monday. The Marcus Co. has a 52-week low of $9.56 and a 52-week high of $15.88. The company’s 50 day simple moving average is $12.99 and its 200-day simple moving average is $12.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $465.85 million, a P/E ratio of 60.38 and a beta of 1.52.

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

Marcus Announces Dividend

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

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.