The Marcus Co. (NYSE:MCS) Shares Sold by Corre Partners Management LLC

Corre Partners Management LLC reduced its stake in shares of The Marcus Co. (NYSE:MCS) by 88.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,570 shares of the company’s stock after selling 405,020 shares during the period. Marcus makes up approximately 1.8% of Corre Partners Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Corre Partners Management LLC owned 0.17% of Marcus worth $781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MCS. Parallel Advisors LLC lifted its stake in shares of Marcus by 193.2% during the fourth quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after buying an additional 1,246 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Marcus during the fourth quarter worth $33,000. Louisiana State Employees Retirement System acquired a new stake in shares of Marcus during the fourth quarter worth $179,000. SG Americas Securities LLC acquired a new stake in shares of Marcus during the third quarter worth $210,000. Finally, Illinois Municipal Retirement Fund acquired a new position in Marcus during the third quarter valued at $212,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCS has been the subject of a number of research reports. StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Barrington Research restated an “outperform” rating and set a $20.00 target price on shares of Marcus in a research report on Monday, April 22nd. Finally, Benchmark restated a “buy” rating and set a $20.00 target price on shares of Marcus in a research report on Tuesday, March 5th.

Marcus Stock Performance

MCS traded down $1.06 on Thursday, reaching $12.05. The stock had a trading volume of 1,105,011 shares, compared to its average volume of 419,912. The Marcus Co. has a 12-month low of $11.58 and a 12-month high of $17.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $13.95 and its two-hundred day moving average price is $14.31. The company has a market cap of $382.23 million, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 6.95 and a beta of 1.48.

Marcus (NYSE:MCS) last released its earnings results on Thursday, February 29th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.12. The business had revenue of $161.53 million during the quarter, compared to analysts’ expectations of $160.75 million. Marcus had a net margin of 2.03% and a return on equity of 3.19%. Sell-side analysts forecast that The Marcus Co. will post 0.13 earnings per share for the current year.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.32%. Marcus’s dividend payout ratio is currently 90.32%.

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.