Centiva Capital LP Trims Stock Holdings in The Marcus Co. (NYSE:MCS)

Centiva Capital LP decreased its position in shares of The Marcus Co. (NYSE:MCS - Free Report) by 65.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,265 shares of the company's stock after selling 28,597 shares during the quarter. Centiva Capital LP's holdings in Marcus were worth $230,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCS. GAMMA Investing LLC grew its position 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 purchasing an additional 1,336 shares during the last quarter. nVerses Capital LLC acquired a new position in Marcus in the 3rd quarter valued at about $32,000. Innealta Capital LLC purchased a new stake in Marcus during the 2nd quarter valued at approximately $30,000. CWM LLC lifted its position in Marcus by 3,319.0% during the 2nd quarter. CWM LLC now owns 2,872 shares of the company's stock worth $33,000 after acquiring an additional 2,788 shares during the period. Finally, Walleye Trading LLC grew its stake in shares of Marcus by 14.5% in the 3rd 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 last quarter. Institutional investors and hedge funds own 81.57% of the company's stock.

Insider Buying and Selling

In related news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company's stock, valued at approximately $4,162,711.35. This represents a 4.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MCS. Barrington Research reaffirmed an "outperform" rating and set a $24.00 price target on shares of Marcus in a report on Wednesday, November 13th. StockNews.com upgraded shares of Marcus from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Finally, Benchmark boosted their price target on shares of Marcus from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Monday, November 25th.

Marcus Price Performance

Shares of NYSE MCS traded down $0.09 during midday trading on Thursday, hitting $22.10. The company had a trading volume of 232,247 shares, compared to its average volume of 508,867. 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 business has a 50-day simple moving average of $19.73 and a two-hundred day simple moving average of $15.08. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16. The firm has a market capitalization of $695.75 million, a price-to-earnings ratio of -65.00, a price-to-earnings-growth ratio of 5.06 and a beta of 1.54.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, November 25th. Marcus's dividend payout ratio (DPR) is -82.35%.

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.