The Marcus Co. (NYSE:MCS) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its stake in The Marcus Co. (NYSE:MCS - Free Report) by 65.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 258,130 shares of the company's stock after selling 480,570 shares during the quarter. Bank of Montreal Can owned 0.82% of Marcus worth $3,906,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MCS. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Marcus by 142.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company's stock worth $1,252,000 after purchasing an additional 48,759 shares during the last quarter. Empowered Funds LLC increased its position in Marcus by 5.3% during the third quarter. Empowered Funds LLC now owns 160,976 shares of the company's stock worth $2,426,000 after buying an additional 8,174 shares during the period. Assenagon Asset Management S.A. acquired a new position in Marcus during the third quarter worth approximately $432,000. nVerses Capital LLC acquired a new position in Marcus during the third quarter worth approximately $32,000. Finally, Creative Planning acquired a new position in Marcus during the third quarter worth approximately $159,000. Hedge funds and other institutional investors own 81.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MCS shares. Benchmark boosted their target price on Marcus from $22.00 to $25.00 and gave the company a "buy" rating in a 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 reissued an "outperform" rating and issued a $24.00 target price on shares of Marcus in a report on Wednesday, November 13th.

Marcus Price Performance

MCS stock traded down $0.21 on Wednesday, reaching $22.36. 134,937 shares of the company's stock were exchanged, compared to its average volume of 516,840. The stock has a fifty day moving average of $18.78 and a 200-day moving average of $14.58. 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 firm has a market cap of $703.89 million, a PE ratio of -66.38, a P/E/G ratio of 5.23 and a beta of 1.54. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16.

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.25%. Marcus's payout ratio is -82.35%.

Insider Activity

In other news, VP Thomas F. Kissinger sold 8,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total value of $178,480.00. Following the sale, the vice president now directly owns 186,585 shares in the company, valued at $4,162,711.35. This represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.00% of the company's stock.

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.