Martingale Asset Management L P Acquires New Holdings in The Marcus Co. (NYSE:MCS)

Martingale Asset Management L P purchased a new stake in The Marcus Co. (NYSE:MCS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,768 shares of the company's stock, valued at approximately $941,000. Martingale Asset Management L P owned approximately 0.14% of Marcus as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCS. Invesco Ltd. raised its stake in Marcus by 0.8% during the 4th quarter. Invesco Ltd. now owns 64,448 shares of the company's stock valued at $1,386,000 after purchasing an additional 511 shares during the period. Swiss National Bank raised its position in Marcus by 2.2% during the fourth quarter. Swiss National Bank now owns 47,100 shares of the company's stock valued at $1,013,000 after buying an additional 1,000 shares during the period. Bank of Montreal Can raised its position in Marcus by 0.6% during the fourth quarter. Bank of Montreal Can now owns 259,666 shares of the company's stock valued at $5,583,000 after buying an additional 1,536 shares during the period. National Bank of Canada FI lifted its stake in Marcus by 407,500.0% in the 4th quarter. National Bank of Canada FI now owns 4,076 shares of the company's stock worth $88,000 after acquiring an additional 4,075 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Marcus during the 4th quarter worth about $114,000. Institutional investors and hedge funds own 81.57% of the company's stock.

Marcus Stock Up 0.2 %

Shares of Marcus stock traded up $0.04 during trading on Tuesday, hitting $16.25. 128,006 shares of the stock traded hands, compared to its average volume of 437,638. The stock has a market cap of $515.76 million, a P/E ratio of -47.78, a PEG ratio of 3.12 and a beta of 1.24. The company has a fifty day moving average price of $17.99 and a two-hundred day moving average price of $19.30. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54.

Remove Ads

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 1.72%. Marcus's dividend payout ratio is currently -107.69%.

Wall Street Analyst Weigh In

MCS has been the topic of a number of research reports. Barrington Research dropped their target price on Marcus from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday. StockNews.com lowered shares of Marcus from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Benchmark reissued a "buy" rating and set a $25.00 target price on shares of Marcus in a research note on Friday.

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.