( ) saw a significant increase in short interest during April. On April 30, there were 4,060,000 shorted shares. This is an increase of 9.7% compared to the total of 3,700,000.000 shares on April 15. Presently, 18.6% shares are being shorted. The short-interest rate is 10.8 days based on a daily average volume of 375.800 shares.
Marcus Price Performance
On Tuesday, the stock fell $0.18 to $15.90. The trading volume was 193,642 compared to the average of 351,125. The market capitalization is $501.34m, with a PEG of 6.59, a P/E ratio of 58.89 and a beta value of 1.61. The company's current ratio is 0.38, its quick ratio is 0.38, and it has a debt to equity ratio of 0.43. The company has a moving average for the past 50 days of $16.33 as well as a moving average for the last two hundred days of $15.69. The company last released its quarterly earnings on Thursday, 2nd March. The company posted ($0.09) earnings per share for the quarter. This beat the consensus estimate ($0.17) of $0.08 by $0.08. Revenue for the quarter was $162.95 millions, which is higher than the consensus estimate of $157.29 million. Marcus had a net margin that was negative at 0.94%, and a return on equity that was positive at 0.04%. Research analysts expect Marcus to post an average of 0.16 earnings per shares for the current fiscal year.
Marcus Announces Dividend
A quarterly dividend was also declared by the firm and paid out on March 20th. Dividends were paid to shareholders who had been registered on the Monday, March 13, 2019. This is a $0.20 dividend with a yield of 1.26 percent. This dividend became payable on Friday, 10th March. Marcus's current dividend payout ratio is -74.07%.
Hedge Funds weigh in on Marcus
MCS has recently seen a number of institutional investors and hedge fund reduce or increase their stakes. Lazard Asset Management LLC increased their position in Marcus shares by 1,181.3% over the fourth quarter. Lazard Asset Management LLC owns 700 628 shares worth $10 082,000, after purchasing an additional 645 946 shares. KLCM Advisors Inc. purchased a new Marcus stake worth $9,226,000 in the first quarter. Assenagon Asset Management S.A. purchased a new share in Marcus for $5,051,000 in the first quarter. Two Sigma Investments LP purchased a new Marcus stake worth $3,345,000 in the first quarter. Two Sigma Advisers LP increased its Marcus holdings by 903.3% during the first quarter. Two Sigma Advisers LP owns 223,738 of the company’s stock valued at $3,580,000, after buying an additional 201 438 shares. Institutional investors and hedge fund currently own 77.68%.
Wall Street analysts forecast growth
Several research analysts have published reports on MCS's shares. In a report published on Thursday 16th March, Marcus shares were covered. The stock was given a rating of 'hold'. B. Riley raised their target price for shares of Marcus to $27.00 in a report released on Monday, April 10. They also gave the stock a buy' rating. Barrington Research reiterated an 'outperform rating' and set a price target of $19.00 on shares in Marcus on Tuesday, March 14. TheStreet upgraded shares of Marcus in a report published on Thursday, 4th April from a "d+" rating to a "c-". Three analysts have given the stock a buy or hold rating, while one analyst gave it a hold. MarketBeat data shows that Marcus' average rating is 'Moderate buy' with an average price of $22.00.
Marcus Company Profile
Marcus Corp. is a company that operates in the entertainment and lodging industries. The company operates in two business segments, Theatres and Hotels & Resorts. The Theatres segment consists of multiscreen motion pictures theatres as well as a family entertainment centre. The Hotels & Resorts Segment owns and operates hotels and resorts with full-service.
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