StockNews.com lowered shares of Marcus (NYSE:MCS - Free Report) from a buy rating to a hold rating in a research report released on Tuesday morning.
Other research analysts also recently issued research reports about the stock. Benchmark restated a "buy" rating and set a $25.00 price target on shares of Marcus in a report on Thursday, January 30th. Barrington Research reaffirmed an "outperform" rating and issued a $27.00 price target on shares of Marcus in a research report on Thursday, February 27th.
Read Our Latest Analysis on MCS
Marcus Stock Down 0.2 %
Shares of MCS traded down $0.04 during midday trading on Tuesday, reaching $16.06. 327,449 shares of the stock were exchanged, compared to its average volume of 440,341. The company has a market cap of $505.60 million, a price-to-earnings ratio of -47.24, a P/E/G ratio of 3.12 and a beta of 1.57. The firm has a 50 day simple moving average of $20.13 and a 200-day simple moving average of $19.00. Marcus has a 12-month low of $9.56 and a 12-month high of $23.16. The company has a quick ratio of 0.54, a current 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 will be paid on Monday, March 17th. Investors of record on Tuesday, February 25th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.28 annualized dividend and a yield of 1.74%. Marcus's dividend payout ratio (DPR) is presently -107.69%.
Institutional Investors Weigh In On Marcus
Hedge funds have recently modified their holdings of the business. Barclays PLC boosted its holdings 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 purchasing an additional 225,644 shares during the period. Range Financial Group LLC bought a new stake in shares of Marcus in the fourth quarter valued at about $882,000. Connor Clark & Lunn Investment Management Ltd. grew its position 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 buying an additional 48,759 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Marcus during the fourth quarter valued at about $680,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Marcus in the 4th quarter valued at approximately $274,000. 81.57% of the stock is owned by institutional investors.
Marcus Company Profile
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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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