The Marcus Co. (NYSE:MCS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in The Marcus Co. (NYSE:MCS - Free Report) by 55.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,854 shares of the company's stock after selling 167,918 shares during the period. Jane Street Group LLC owned approximately 0.43% of Marcus worth $2,062,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MCS. Millennium Management LLC grew its stake in shares of Marcus by 83.2% during the second quarter. Millennium Management LLC now owns 648,664 shares of the company's stock valued at $7,375,000 after buying an additional 294,593 shares during the last quarter. American Century Companies Inc. increased its stake in Marcus by 10.4% in the second quarter. American Century Companies Inc. now owns 497,284 shares of the company's stock worth $5,654,000 after purchasing an additional 46,891 shares during the period. AQR Capital Management LLC lifted its position in shares of Marcus by 71.0% during the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company's stock worth $5,036,000 after purchasing an additional 183,909 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Marcus by 35.6% during the second quarter. Squarepoint Ops LLC now owns 231,996 shares of the company's stock valued at $2,638,000 after purchasing an additional 60,921 shares during the period. Finally, Gabelli Funds LLC grew its holdings in shares of Marcus by 9.1% in the second quarter. Gabelli Funds LLC now owns 191,500 shares of the company's stock worth $2,177,000 after purchasing an additional 16,000 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company's stock.

Insiders Place Their Bets

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction dated Wednesday, November 6th. The stock was 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 owns 186,585 shares of the company's stock, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on MCS. Benchmark lifted their target price on Marcus from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Barrington Research reaffirmed an "outperform" rating and set a $24.00 price objective on shares of Marcus in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded Marcus from a "hold" rating to a "buy" rating in a research note on Friday, November 15th.

Marcus Stock Up 0.3 %

MCS stock traded up $0.06 on Tuesday, hitting $21.35. 56,145 shares of the company's stock were exchanged, compared to its average volume of 499,267. The firm has a 50 day moving average price of $20.57 and a two-hundred day moving average price of $15.68. 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 12-month low of $9.56 and a 12-month high of $23.16. The stock has a market cap of $672.14 million, a P/E ratio of -62.79, a price-to-earnings-growth ratio of 4.95 and a beta of 1.54.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Monday, November 25th. Marcus's dividend payout ratio (DPR) is presently -82.35%.

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.