Marcus (NYSE:MCS) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Shares of The Marcus Co. (NYSE:MCS - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.75 and traded as high as $20.05. Marcus shares last traded at $19.92, with a volume of 176,700 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on MCS shares. Benchmark boosted their target price on shares of Marcus from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Monday, November 25th. StockNews.com raised Marcus from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Finally, Barrington Research restated an "outperform" rating and issued a $24.00 target price on shares of Marcus in a research report on Wednesday, November 13th.

Marcus Stock Down 0.9 %

The firm has a market cap of $622.08 million, a price-to-earnings ratio of -58.12, a price-to-earnings-growth ratio of 4.95 and a beta of 1.54. The stock's 50 day moving average is $21.64 and its 200 day moving average is $16.81. 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 firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 25th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Monday, November 25th. Marcus's payout ratio is -82.35%.

Insider Transactions at Marcus

In related news, VP Thomas F. Kissinger sold 8,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total transaction of $178,480.00. Following the transaction, the vice president now directly owns 186,585 shares of the company's stock, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Marcus

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Marcus by 53.0% in the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company's stock worth $58,000 after purchasing an additional 1,336 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Marcus in the 3rd quarter valued at approximately $32,000. CWM LLC raised its stake in shares of Marcus by 98.8% in the 3rd quarter. CWM LLC now owns 5,709 shares of the company's stock valued at $86,000 after acquiring an additional 2,837 shares in the last quarter. Walleye Trading LLC lifted its holdings in Marcus by 14.5% in the 3rd quarter. Walleye Trading LLC now owns 34,000 shares of the company's stock worth $512,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Marcus by 1.3% during the third quarter. Geode Capital Management LLC now owns 561,687 shares of the company's stock worth $8,467,000 after purchasing an additional 7,320 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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.