The Marcus Co. (NYSE:MCS) Short Interest Update

The Marcus Co. (NYSE:MCS - Get Free Report) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 600,300 shares, a decline of 25.1% from the December 31st total of 801,600 shares. Based on an average daily volume of 248,700 shares, the short-interest ratio is presently 2.4 days. Approximately 2.6% of the company's stock are sold short.

Insider Buying and Selling at Marcus

In other news, VP Thomas F. Kissinger sold 8,000 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On Marcus

Large investors have recently made changes to their positions in the stock. Millennium Management LLC raised its position in shares of Marcus by 83.2% in the second quarter. Millennium Management LLC now owns 648,664 shares of the company's stock worth $7,375,000 after buying an additional 294,593 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Marcus by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 561,687 shares of the company's stock valued at $8,467,000 after acquiring an additional 7,320 shares during the last quarter. AQR Capital Management LLC grew its holdings 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 in the last quarter. Barclays PLC increased its position in shares of Marcus by 135.3% in the third quarter. Barclays PLC now owns 392,388 shares of the company's stock worth $5,913,000 after purchasing an additional 225,644 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in Marcus by 35.6% in 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 in the last quarter. 81.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MCS has been the topic of several research reports. StockNews.com upgraded shares of Marcus from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Benchmark reiterated a "buy" rating and set a $25.00 price target on shares of Marcus in a research note on Thursday. Finally, Barrington Research reaffirmed an "outperform" rating and set a $24.00 target price on shares of Marcus in a research report on Wednesday, November 13th.

Marcus Stock Performance

Marcus stock traded up $0.42 during trading on Monday, hitting $20.54. The stock had a trading volume of 130,437 shares, compared to its average volume of 176,437. The stock has a market cap of $646.60 million, a price-to-earnings ratio of -60.41, a price-to-earnings-growth ratio of 2.42 and a beta of 1.53. The stock's 50 day moving average is $21.18 and its two-hundred day moving average is $17.64. 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.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Monday, November 25th. Marcus's payout ratio is currently -82.35%.

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.