Connor Clark & Lunn Investment Management Ltd. boosted its stake in The Marcus Co. (NYSE:MCS - Free Report) by 22.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,030 shares of the company's stock after buying an additional 18,929 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.32% of Marcus worth $2,194,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MCS. Barclays PLC grew its position in Marcus by 135.3% in the 3rd quarter. Barclays PLC now owns 392,388 shares of the company's stock valued at $5,913,000 after buying an additional 225,644 shares in the last quarter. Peapod Lane Capital LLC bought a new position in shares of Marcus during the 4th quarter valued at about $3,258,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Marcus during the 4th quarter valued at about $1,605,000. BNP Paribas Financial Markets boosted its position in shares of Marcus by 2,057.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company's stock valued at $790,000 after purchasing an additional 49,977 shares in the last quarter. Finally, Range Financial Group LLC bought a new position in shares of Marcus during the 4th quarter valued at about $882,000. Institutional investors own 81.57% of the company's stock.
Analyst Ratings Changes
MCS has been the subject of several research reports. StockNews.com lowered shares of Marcus from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Barrington Research restated an "outperform" rating and set a $27.00 price objective on shares of Marcus in a research report on Thursday, February 27th. Finally, Benchmark restated a "buy" rating and set a $25.00 price objective on shares of Marcus in a research report on Thursday, January 30th.
Get Our Latest Research Report on MCS
Marcus Trading Down 1.2 %
Shares of MCS traded down $0.22 during midday trading on Friday, hitting $17.45. The stock had a trading volume of 386,145 shares, compared to its average volume of 437,365. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $23.16. The business has a 50-day simple moving average of $19.51 and a two-hundred day simple moving average of $19.08. The firm has a market cap of $553.86 million, a P/E ratio of -51.31, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.
Marcus Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were issued a $0.07 dividend. 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
(
Free Report)
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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