Mesirow Financial Investment Management Inc. Sells 2,754 Shares of The Marcus Co. (NYSE:MCS)

Mesirow Financial Investment Management Inc. lessened its position in shares of The Marcus Co. (NYSE:MCS) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 225,593 shares of the company’s stock after selling 2,754 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Marcus were worth $2,565,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of Marcus by 193.2% during the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after acquiring an additional 1,246 shares during the period. Innealta Capital LLC bought a new position in Marcus in the 2nd quarter valued at approximately $30,000. CWM LLC lifted its stake in Marcus by 3,319.0% in the 2nd quarter. CWM LLC now owns 2,872 shares of the company’s stock valued at $33,000 after purchasing an additional 2,788 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in Marcus in the 1st quarter valued at approximately $169,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Marcus in the 1st quarter valued at approximately $173,000. Institutional investors own 81.57% of the company’s stock.

Analyst Upgrades and Downgrades

MCS has been the subject of several recent research reports. B. Riley upped their price target on shares of Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, July 8th. StockNews.com cut shares of Marcus from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Benchmark restated a “buy” rating and issued a $18.00 price target on shares of Marcus in a research report on Monday, July 29th. Finally, Barrington Research restated an “outperform” rating and issued a $20.00 price target on shares of Marcus in a research report on Friday, August 2nd.

Marcus Stock Up 0.2 %

Marcus stock opened at $14.52 on Tuesday. The Marcus Co. has a 1-year low of $9.56 and a 1-year high of $15.88. The firm has a market capitalization of $466.89 million, a price-to-earnings ratio of 60.50 and a beta of 1.52. The firm’s fifty day moving average price is $13.07 and its two-hundred day moving average price is $12.61. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39.

Marcus (NYSE:MCS) last released its quarterly earnings results 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 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 the consensus estimate of $170.74 million. During the same period in the previous year, the business earned $0.35 earnings per share. On average, equities research analysts predict that The Marcus Co. will post -0.14 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, August 26th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, August 26th. This represents a $0.28 dividend on an annualized basis and a yield of 1.93%. Marcus’s dividend payout ratio (DPR) is presently 116.67%.

Marcus 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.