Assenagon Asset Management S.A. Makes New Investment in The Marcus Co. (NYSE:MCS)

Assenagon Asset Management S.A. bought a new stake in The Marcus Co. (NYSE:MCS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,658 shares of the company's stock, valued at approximately $432,000. Assenagon Asset Management S.A. owned approximately 0.09% of Marcus at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MCS. nVerses Capital LLC bought a new position in Marcus during the third quarter valued at about $32,000. Creative Planning acquired a new position in Marcus during the third quarter valued at approximately $159,000. CWM LLC lifted its stake in shares of Marcus by 98.8% in the third quarter. CWM LLC now owns 5,709 shares of the company's stock worth $86,000 after buying an additional 2,837 shares during the last quarter. Marquette Asset Management LLC bought a new stake in shares of Marcus during the 3rd quarter worth $327,000. Finally, GAMMA Investing LLC raised its holdings in Marcus by 53.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company's stock worth $58,000 after acquiring an additional 1,336 shares during the period. 81.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on MCS. Barrington Research reiterated an "outperform" rating and set a $20.00 price target on shares of Marcus in a report on Thursday. Benchmark boosted their price objective on shares of Marcus from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Friday. B. Riley increased their target price on shares of Marcus from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, July 8th. Finally, StockNews.com upgraded Marcus from a "sell" rating to a "hold" rating in a research note on Tuesday, September 24th.

Marcus Price Performance

Shares of Marcus stock traded up $0.48 during midday trading on Monday, hitting $21.10. 651,182 shares of the company were exchanged, compared to its average volume of 542,214. The firm has a 50 day simple moving average of $15.43 and a 200-day simple moving average of $13.07. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.51. The firm has a market cap of $678.47 million, a P/E ratio of -62.06 and a beta of 1.48. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $21.32.

Marcus (NYSE:MCS - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.20). The company had revenue of $176.03 million for the quarter, compared to the consensus estimate of $170.74 million. Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. During the same period in the previous year, the business posted $0.35 earnings per share. Research analysts forecast that The Marcus Co. will post -0.03 earnings per share for the current year.

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.