Range Financial Group LLC Takes Position in The Marcus Co. (NYSE:MCS)

Range Financial Group LLC bought a new position in shares of The Marcus Co. (NYSE:MCS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,006 shares of the company’s stock, valued at approximately $882,000. Range Financial Group LLC owned about 0.13% of Marcus as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCS. nVerses Capital LLC purchased a new stake in shares of Marcus during the 3rd quarter worth approximately $32,000. GAMMA Investing LLC raised its stake in Marcus by 53.0% during 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 in the last quarter. CWM LLC lifted its position in Marcus by 98.8% in the third quarter. CWM LLC now owns 5,709 shares of the company’s stock valued at $86,000 after acquiring an additional 2,837 shares during the last quarter. Creative Planning acquired a new position in Marcus in the third quarter valued at $159,000. Finally, SG Americas Securities LLC purchased a new position in shares of Marcus during the third quarter worth about $194,000. 81.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total transaction of $178,480.00. Following the transaction, the vice president now owns 186,585 shares in the company, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by insiders.

Marcus Stock Performance

MCS traded down $0.32 on Tuesday, hitting $20.20. 181,760 shares of the company traded hands, compared to its average volume of 205,395. The Marcus Co. has a 12-month low of $9.56 and a 12-month high of $23.16. The company has a 50 day moving average of $21.56 and a 200-day moving average of $16.44. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $635.94 million, a PE ratio of -59.41, a PEG ratio of 4.95 and a beta of 1.54.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 25th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.39%. Marcus’s dividend payout ratio is currently -82.35%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MCS shares. Benchmark upped their target price on Marcus from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, November 25th. StockNews.com raised Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Marcus in a report on Wednesday, November 13th.

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.