The Marcus Co. (NYSE:MCS - Get Free Report)'s share price was down 8% during mid-day trading on Thursday . The company traded as low as $19.22 and last traded at $19.20. Approximately 66,662 shares were traded during trading, a decline of 61% from the average daily volume of 171,250 shares. The stock had previously closed at $20.87.
Analyst Upgrades and Downgrades
Several equities analysts have commented on MCS shares. StockNews.com downgraded Marcus from a "buy" rating to a "hold" rating in a report on Friday. Barrington Research reiterated an "outperform" rating and issued a $27.00 target price on shares of Marcus in a research note on Thursday. Finally, Benchmark reiterated a "buy" rating and issued a $25.00 target price on shares of Marcus in a report on Thursday, January 30th.
Read Our Latest Research Report on Marcus
Marcus Price Performance
The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $20.71 and a 200-day simple moving average of $18.88. The stock has a market cap of $557.20 million, a price-to-earnings ratio of -52.06, a price-to-earnings-growth ratio of 3.12 and a beta of 1.53.
Marcus Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th will be paid a $0.07 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.58%. Marcus's payout ratio is -107.69%.
Hedge Funds Weigh In On Marcus
Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new position in shares of Marcus during the 3rd quarter worth about $432,000. Barclays PLC increased its stake in Marcus by 135.3% during the third quarter. Barclays PLC now owns 392,388 shares of the company's stock valued at $5,913,000 after acquiring an additional 225,644 shares during the period. Range Financial Group LLC acquired a new position in Marcus in the 4th quarter valued at approximately $882,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Marcus by 142.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company's stock valued at $1,252,000 after acquiring an additional 48,759 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Marcus by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,687 shares of the company's stock worth $8,467,000 after acquiring an additional 7,320 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.
About Marcus
(
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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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