Fox Run Management L.L.C. acquired a new stake in shares of The Marcus Co. (NYSE:MCS – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,288 shares of the company’s stock, valued at approximately $329,000.
Other large investors have also made changes to their positions in the company. Swiss National Bank raised its holdings in Marcus by 2.2% in the 4th quarter. Swiss National Bank now owns 47,100 shares of the company’s stock valued at $1,013,000 after acquiring an additional 1,000 shares in the last quarter. Walleye Trading LLC increased its position in shares of Marcus by 14.5% during the third quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock valued at $512,000 after purchasing an additional 4,300 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Marcus in the fourth quarter valued at $114,000. SG Americas Securities LLC lifted its position in Marcus by 54.9% in the fourth quarter. SG Americas Securities LLC now owns 19,944 shares of the company’s stock worth $429,000 after purchasing an additional 7,067 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Marcus by 1.3% during the third quarter. Geode Capital Management LLC now owns 561,687 shares of the company’s stock worth $8,467,000 after buying an additional 7,320 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Marcus in a report on Thursday, January 30th. StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Marcus in a report on Thursday, February 27th.
Marcus Stock Up 1.3 %
MCS opened at $17.41 on Thursday. The firm has a market cap of $552.72 million, a price-to-earnings ratio of -51.20, a PEG ratio of 3.12 and a beta of 1.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. The firm’s 50-day simple moving average is $19.35 and its 200-day simple moving average is $19.17. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16.
Marcus Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Tuesday, February 25th. Marcus’s payout ratio is -107.69%.
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.
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