Bank of New York Mellon Corp Has $5.30 Million Position in The Marcus Co. (NYSE:MCS)

Bank of New York Mellon Corp lowered its stake in The Marcus Co. (NYSE:MCS - Free Report) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,411 shares of the company's stock after selling 51,608 shares during the quarter. Bank of New York Mellon Corp owned about 0.78% of Marcus worth $5,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MCS. Barclays PLC lifted its holdings in shares of Marcus by 135.3% in the third quarter. Barclays PLC now owns 392,388 shares of the company's stock valued at $5,913,000 after buying an additional 225,644 shares during the period. Range Financial Group LLC acquired a new stake in Marcus in the 4th quarter valued at about $882,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Marcus by 142.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company's stock valued at $1,252,000 after purchasing an additional 48,759 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Marcus in the 4th quarter worth approximately $274,000. Finally, Geode Capital Management LLC raised its holdings in shares of Marcus by 1.3% in the 3rd 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 in the last quarter. Institutional investors own 81.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MCS. Barrington Research reaffirmed an "outperform" rating and issued a $27.00 price target on shares of Marcus in a report on Thursday, February 27th. StockNews.com downgraded Marcus from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, Benchmark reissued a "buy" rating and issued a $25.00 price target on shares of Marcus in a research note on Thursday, January 30th.

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Marcus Stock Down 1.2 %

Shares of NYSE MCS traded down $0.22 during mid-day trading on Friday, reaching $17.45. 254,913 shares of the company traded hands, compared to its average volume of 437,089. The company's fifty day moving average is $19.55 and its two-hundred day moving average is $19.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $23.16. The stock has a market cap of $553.86 million, a PE ratio of -51.31, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.28 annualized dividend and a yield of 1.61%. Marcus's payout ratio is -107.69%.

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.