41,006 Shares in The Marcus Co. (NYSE:MCS) Purchased by Range Financial Group LLC

Range Financial Group LLC bought a new position in shares of 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 (SEC). The fund bought 41,006 shares of the company's stock, valued at approximately $882,000. Range Financial Group LLC owned about 0.13% of Marcus as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Marcus by 53.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company's stock worth $58,000 after buying an additional 1,336 shares during the last quarter. nVerses Capital LLC purchased a new stake in Marcus in the third quarter valued at $32,000. CWM LLC lifted its position in Marcus by 98.8% in the third quarter. CWM LLC now owns 5,709 shares of the company's stock valued at $86,000 after acquiring an additional 2,837 shares during the last quarter. Walleye Trading LLC boosted its stake in Marcus by 14.5% in the third quarter. Walleye Trading LLC now owns 34,000 shares of the company's stock valued at $512,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Stock Performance

MCS stock traded down $0.32 during trading on Tuesday, hitting $20.20. The company had a trading volume of 181,760 shares, compared to its average volume of 205,840. The firm has a 50-day moving average price of $21.62 and a 200-day moving average price of $16.50. 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 $635.94 million, a PE ratio of -59.41, a price-to-earnings-growth ratio of 4.95 and a beta of 1.54. The Marcus Co. has a 1-year low of $9.56 and a 1-year high of $23.16.

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, November 25th. Marcus's dividend payout ratio (DPR) is presently -82.35%.

Insider Buying and Selling

In related news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the transaction, the vice president now directly owns 186,585 shares of the company's stock, valued at $4,162,711.35. This represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 5.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barrington Research reissued an "outperform" rating and issued a $24.00 target price on shares of Marcus in a report on Wednesday, November 13th. Benchmark increased their price objective on Marcus from $22.00 to $25.00 and gave the company a "buy" rating in a report on Monday, November 25th. Finally, StockNews.com upgraded shares of Marcus from a "hold" rating to a "buy" rating in a research report on Friday, November 15th.

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.