Hsbc Holdings PLC Boosts Holdings in Marcus Corporation (The) $MCS

Hsbc Holdings PLC grew its stake in shares of Marcus Corporation (The) (NYSE:MCSFree Report) by 45.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,933 shares of the company’s stock after purchasing an additional 27,436 shares during the period. Hsbc Holdings PLC’s holdings in Marcus were worth $1,510,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MCS. Navalign LLC purchased a new stake in Marcus in the fourth quarter worth about $33,000. Russell Investments Group Ltd. grew its holdings in shares of Marcus by 550.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock worth $35,000 after acquiring an additional 1,916 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Marcus by 60.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after acquiring an additional 937 shares during the period. State of Alaska Department of Revenue raised its position in shares of Marcus by 656.0% in the 4th quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock worth $88,000 after acquiring an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Marcus by 67.6% in the 4th quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after acquiring an additional 4,076 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Analyst Ratings Changes

MCS has been the topic of several research reports. B. Riley Financial lifted their price target on Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a report on Monday, May 4th. Zacks Research raised Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings cut shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Wedbush upped their target price on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $24.25.

Check Out Our Latest Report on MCS

Marcus Price Performance

Shares of NYSE MCS opened at $24.43 on Tuesday. Marcus Corporation has a fifty-two week low of $12.85 and a fifty-two week high of $24.89. The company has a 50 day simple moving average of $21.78 and a two-hundred day simple moving average of $18.58. The company has a market capitalization of $750.89 million, a price-to-earnings ratio of 56.83, a P/E/G ratio of 2.98 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 0.35.

Marcus (NYSE:MCSGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.03. The firm had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. Analysts expect that Marcus Corporation will post 0.53 EPS for the current fiscal year.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.08 per share. The ex-dividend date was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. Marcus’s payout ratio is presently 74.42%.

Marcus Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marcus (NYSE:MCS)

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