Marcus (NYSE:MCS) Sets New 1-Year High on Analyst Upgrade

The Marcus Co. (NYSE:MCS) shares reached a new 52-week high during mid-day trading on Monday after Benchmark raised their price target on the stock from $22.00 to $25.00. Benchmark currently has a buy rating on the stock. Marcus traded as high as $22.73 and last traded at $22.58, with a volume of 48489 shares. The stock had previously closed at $22.03.

MCS has been the topic of several other reports. Barrington Research reissued an “outperform” rating and set a $24.00 price target on shares of Marcus in a report on Wednesday, November 13th. StockNews.com raised Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th.

Insiders Place Their Bets

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the firm’s 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 sale, the vice president now directly owns 186,585 shares of the company’s stock, valued at $4,162,711.35. This trade represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Marcus by 53.0% in the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after acquiring an additional 1,336 shares in the last quarter. nVerses Capital LLC purchased a new stake in Marcus during the third quarter valued at approximately $32,000. Innealta Capital LLC bought a new stake in shares of Marcus in the 2nd quarter valued at approximately $30,000. CWM LLC boosted its holdings in shares of Marcus by 3,319.0% in the 2nd quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after purchasing an additional 2,788 shares during the period. Finally, Walleye Trading LLC increased its position in shares of Marcus by 14.5% during the 3rd quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock valued at $512,000 after purchasing an additional 4,300 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors.

Marcus Price Performance

The stock’s 50-day simple moving average is $17.70 and its two-hundred day simple moving average is $14.04. The firm has a market cap of $708.66 million, a P/E ratio of -66.21, a PEG ratio of 4.98 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.24%. Marcus’s dividend payout ratio (DPR) is currently -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.