Mesirow Financial Investment Management Inc. Sells 19,966 Shares of The Marcus Co. (NYSE:MCS)

Mesirow Financial Investment Management Inc. reduced its stake in shares of The Marcus Co. (NYSE:MCS - Free Report) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,733 shares of the company's stock after selling 19,966 shares during the quarter. Mesirow Financial Investment Management Inc. owned approximately 0.65% of Marcus worth $4,402,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Creative Planning bought a new stake in Marcus during the 3rd quarter valued at $159,000. Empowered Funds LLC increased its stake in shares of Marcus by 5.3% during the third quarter. Empowered Funds LLC now owns 160,976 shares of the company's stock valued at $2,426,000 after buying an additional 8,174 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Marcus by 142.0% in the third 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. BNP Paribas Financial Markets lifted its stake in Marcus by 2,057.5% in the third quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company's stock worth $790,000 after acquiring an additional 49,977 shares during the period. Finally, Walleye Trading LLC increased its position in Marcus by 14.5% during the 3rd quarter. Walleye Trading LLC now owns 34,000 shares of the company's stock valued at $512,000 after purchasing an additional 4,300 shares during the period. 81.57% of the stock is currently owned by institutional investors.

Marcus Trading Up 0.0 %

NYSE MCS opened at $16.64 on Friday. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $23.16. The company has a 50 day moving average price of $20.44 and a 200 day moving average price of $18.88. 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 firm has a market cap of $523.95 million, a PE ratio of -48.95, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, February 25th. Marcus's payout ratio is presently -107.69%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MCS. StockNews.com downgraded shares of Marcus from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Barrington Research reaffirmed an "outperform" rating and set a $27.00 target price on shares of Marcus in a research report on Thursday, February 27th. Finally, Benchmark reissued a "buy" rating and issued a $25.00 price target on shares of Marcus in a research report on Thursday, January 30th.

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Marcus Profile

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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