The Marcus Co. (NYSE:MCS - Get Free Report) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 623,900 shares, a decrease of 21.3% from the February 28th total of 793,000 shares. Based on an average daily volume of 213,600 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.7% of the company's stock are short sold.
Marcus Stock Performance
NYSE MCS traded down $0.02 during trading hours on Tuesday, reaching $16.67. 155,263 shares of the company were exchanged, compared to its average volume of 443,441. The stock has a market capitalization of $529.16 million, a P/E ratio of -49.02, 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. Marcus has a 1 year low of $9.56 and a 1 year high of $23.16. The business's 50 day simple moving average is $19.10 and its 200-day simple moving average is $19.27.
Marcus Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.68%. Marcus's payout ratio is currently -107.69%.
Hedge Funds Weigh In On Marcus
Several institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC increased its position in Marcus by 2,908.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock worth $51,000 after buying an additional 2,298 shares during the last quarter. Quarry LP bought a new position in shares of Marcus during the 4th quarter worth $70,000. National Bank of Canada FI increased its holdings 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 during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Marcus in the 4th quarter valued at about $114,000. Finally, Meeder Asset Management Inc. purchased a new stake in Marcus during the fourth quarter valued at about $130,000. Hedge funds and other institutional investors own 81.57% of the company's stock.
Analyst Ratings Changes
MCS has been the subject of a number of research analyst reports. StockNews.com lowered Marcus from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Benchmark reissued a "buy" rating and set a $25.00 price objective on shares of Marcus in a report on Thursday, January 30th. Finally, Barrington Research restated an "outperform" rating and set a $27.00 price objective on shares of Marcus in a research note on Thursday, February 27th.
Read Our Latest Analysis on Marcus
About Marcus
(
Get Free Report)
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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