Marcus (NYSE:MCS) Stock Price Up 8.1% - What's Next?

The Marcus Co. (NYSE:MCS - Get Free Report)'s share price traded up 8.1% during mid-day trading on Wednesday . The stock traded as high as $17.49 and last traded at $17.55. 16,252 shares changed hands during trading, a decline of 92% from the average session volume of 209,142 shares. The stock had previously closed at $16.23.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MCS shares. StockNews.com downgraded shares of Marcus from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Barrington Research reissued an "outperform" rating and set a $27.00 price objective on shares of Marcus in a report on Thursday, February 27th. Finally, Benchmark restated a "buy" rating and issued a $25.00 target price on shares of Marcus in a report on Thursday, January 30th.

Marcus Stock Down 1.2 %

The company has a market capitalization of $553.86 million, a PE ratio of -51.31, a P/E/G ratio of 3.12 and a beta of 1.57. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $19.51 and a 200 day moving average of $19.14.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.61%. Marcus's dividend payout ratio (DPR) is presently -107.69%.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCS. Proficio Capital Partners LLC purchased a new stake in shares of Marcus during the 4th quarter worth approximately $680,000. Barclays PLC grew its holdings 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 purchasing an additional 225,644 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Marcus by 22.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,030 shares of the company's stock worth $2,194,000 after buying an additional 18,929 shares during the last quarter. Range Financial Group LLC bought a new position in shares of Marcus during the 4th quarter worth $882,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Marcus during the fourth quarter worth about $274,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

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.