KLCM Advisors Inc. lowered its holdings in The Marcus Co. (NYSE:MCS - Free Report) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,018,633 shares of the company's stock after selling 640,457 shares during the period. Marcus comprises 2.5% of KLCM Advisors Inc.'s portfolio, making the stock its 6th largest position. KLCM Advisors Inc. owned 3.24% of Marcus worth $21,901,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Marcus in the 3rd quarter worth about $32,000. CWM LLC grew its stake in Marcus by 98.8% in the third quarter. CWM LLC now owns 5,709 shares of the company's stock worth $86,000 after purchasing an additional 2,837 shares in the last quarter. Creative Planning bought a new stake in Marcus in the third quarter valued at about $159,000. SG Americas Securities LLC acquired a new stake in Marcus during the third quarter valued at approximately $194,000. Finally, Assenagon Asset Management S.A. bought a new position in Marcus during the 3rd quarter worth approximately $432,000. Institutional investors and hedge funds own 81.57% of the company's stock.
Marcus Stock Performance
Shares of NYSE MCS traded down $0.15 during mid-day trading on Thursday, hitting $21.54. The company had a trading volume of 205,643 shares, compared to its average volume of 171,907. 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 $677.92 million, a price-to-earnings ratio of -63.34, a PEG ratio of 3.22 and a beta of 1.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54. The firm's 50 day simple moving average is $20.96 and its two-hundred day simple moving average is $18.47.
Marcus Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 25th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.30%. Marcus's dividend payout ratio (DPR) is presently -82.35%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Barrington Research reiterated an "outperform" rating and issued a $24.00 price target on shares of Marcus in a report on Wednesday, November 13th. Benchmark reiterated a "buy" rating and set a $25.00 target price on shares of Marcus in a research note on Thursday, January 30th. Finally, StockNews.com upgraded shares of Marcus from a "hold" rating to a "buy" rating in a research report on Friday, November 15th.
Read Our Latest Stock Analysis on MCS
About Marcus
(
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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