Connor Clark & Lunn Investment Management Ltd. Grows Position in The Marcus Co. (NYSE:MCS)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of The Marcus Co. (NYSE:MCS - Free Report) by 142.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,101 shares of the company's stock after purchasing an additional 48,759 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.26% of Marcus worth $1,252,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MCS. Innealta Capital LLC bought a new position in Marcus during the second quarter worth about $30,000. nVerses Capital LLC purchased a new stake in shares of Marcus during the 3rd quarter valued at $32,000. CWM LLC raised its position in Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company's stock valued at $33,000 after purchasing an additional 2,788 shares in the last quarter. GAMMA Investing LLC lifted its position in Marcus by 53.0% in 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. Finally, Creative Planning purchased a new stake in shares of Marcus in the 3rd quarter valued at $159,000. Institutional investors own 81.57% of the company's stock.

Analysts Set New Price Targets

MCS has been the subject of a number of analyst reports. Barrington Research reissued an "outperform" rating and set a $24.00 price objective on shares of Marcus in a research note on Wednesday, November 13th. Benchmark raised their price objective on shares of Marcus from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Monday. Finally, StockNews.com raised Marcus from a "hold" rating to a "buy" rating in a research report on Friday, November 15th.

Marcus Stock Down 0.8 %

NYSE:MCS opened at $21.92 on Wednesday. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $22.73. The firm has a 50-day simple moving average of $17.85 and a two-hundred day simple moving average of $14.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, November 25th. Marcus's dividend payout ratio (DPR) is -82.35%.

Insider Activity

In related news, VP Thomas F. Kissinger sold 8,000 shares of the business's stock in a transaction that occurred on 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 sale, the vice president now directly owns 186,585 shares in the company, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.00% of the stock is owned by corporate insiders.

Marcus Company 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.