Campbell & CO Investment Adviser LLC Has $977,000 Stock Position in Marcus Corporation (The) $MCS

Campbell & CO Investment Adviser LLC grew its stake in shares of Marcus Corporation (The) (NYSE:MCS) by 71.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,977 shares of the company’s stock after acquiring an additional 24,242 shares during the period. Campbell & CO Investment Adviser LLC owned 0.19% of Marcus worth $977,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MCS. Los Angeles Capital Management LLC acquired a new position in shares of Marcus in the second quarter valued at approximately $309,000. Fox Run Management L.L.C. bought a new stake in Marcus in the 2nd quarter valued at $199,000. Y Intercept Hong Kong Ltd grew its holdings in Marcus by 113.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 52,933 shares of the company’s stock valued at $892,000 after buying an additional 28,119 shares in the last quarter. AlphaQuest LLC increased its position in Marcus by 2,963.8% during the 2nd quarter. AlphaQuest LLC now owns 35,816 shares of the company’s stock worth $604,000 after buying an additional 34,647 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Marcus during the second quarter worth $639,000. Institutional investors own 81.57% of the company’s stock.

Marcus Stock Performance

NYSE:MCS opened at $16.05 on Thursday. Marcus Corporation has a twelve month low of $12.85 and a twelve month high of $23.16. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.40. The stock’s 50-day simple moving average is $14.77 and its 200 day simple moving average is $16.01. The firm has a market capitalization of $492.81 million, a PE ratio of 35.66, a price-to-earnings-growth ratio of 3.06 and a beta of 1.00.

Marcus (NYSE:MCS) last posted its earnings results on Friday, October 31st. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Marcus had a return on equity of 4.28% and a net margin of 1.91%.The company had revenue of $210.15 million during the quarter, compared to the consensus estimate of $214.14 million. On average, analysts anticipate that Marcus Corporation will post 0.36 EPS for the current fiscal year.

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

Marcus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Tuesday, November 25th will be given a $0.08 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $0.32 dividend on an annualized basis and a yield of 2.0%. Marcus’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Upgrades and Downgrades

MCS has been the topic of several research reports. Wedbush started coverage on shares of Marcus in a research note on Friday, July 18th. They issued an “outperform” rating and a $24.00 price target on the stock. Zacks Research raised shares of Marcus from a “strong sell” rating to a “hold” rating in a report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a report on Tuesday. Benchmark dropped their price target on shares of Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Finally, Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Marcus in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Marcus currently has an average rating of “Moderate Buy” and an average target price of $23.75.

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.