Marcus (NYSE:MCS) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Marcus (NYSE:MCS - Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday.

MCS has been the subject of a number of other reports. Benchmark reiterated a "buy" rating and set a $25.00 price target on shares of Marcus in a research report on Thursday, January 30th. Barrington Research reaffirmed an "outperform" rating and set a $27.00 price objective on shares of Marcus in a research report on Thursday.

Marcus Trading Down 3.5 %

Shares of NYSE MCS traded down $0.64 during mid-day trading on Friday, reaching $17.70. 294,529 shares of the company's stock were exchanged, compared to its average volume of 188,351. The company's 50-day moving average is $20.71 and its 200-day moving average is $18.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $557.20 million, a price-to-earnings ratio of -52.06, a PEG ratio of 3.12 and a beta of 1.53. Marcus has a 52-week low of $9.56 and a 52-week high of $23.16.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, February 25th. Marcus's dividend payout ratio is currently -107.69%.

Institutional Trading of Marcus

Several hedge funds have recently made changes to their positions in MCS. Invesco Ltd. increased its stake in Marcus by 0.8% during the 4th quarter. Invesco Ltd. now owns 64,448 shares of the company's stock worth $1,386,000 after buying an additional 511 shares during the period. Sterling Capital Management LLC grew its stake in shares of Marcus by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 8,876 shares of the company's stock worth $191,000 after acquiring an additional 693 shares in the last quarter. Swiss National Bank increased its position in shares of Marcus by 2.2% during the fourth quarter. Swiss National Bank now owns 47,100 shares of the company's stock worth $1,013,000 after acquiring an additional 1,000 shares during the period. Bank of Montreal Can raised its stake in shares of Marcus by 0.6% in the fourth quarter. Bank of Montreal Can now owns 259,666 shares of the company's stock valued at $5,583,000 after acquiring an additional 1,536 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Marcus by 2,908.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock valued at $51,000 after purchasing an additional 2,298 shares during the period. Institutional investors and hedge funds own 81.57% of the company's stock.

About Marcus

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.