Mesirow Financial Investment Management Inc. lowered its position in shares of The Marcus Co. (NYSE:MCS – Free Report) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,593 shares of the company’s stock after selling 2,754 shares during the quarter. Mesirow Financial Investment Management Inc. owned 0.70% of Marcus worth $2,565,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Gate City Capital Management LLC acquired a new position in Marcus during the 4th quarter worth approximately $11,669,000. Parallel Advisors LLC boosted its holdings in shares of Marcus by 193.2% in the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $28,000 after buying an additional 1,246 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Marcus by 29.7% in the 4th quarter. Hsbc Holdings PLC now owns 89,683 shares of the company’s stock valued at $1,308,000 after buying an additional 20,538 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Marcus by 35.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 21,431 shares of the company’s stock valued at $305,000 after buying an additional 5,640 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Marcus by 133.8% in the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after buying an additional 250,019 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.
Marcus Stock Up 0.2 %
Shares of MCS opened at $14.52 on Tuesday. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $15.88. The firm has a market cap of $466.89 million, a P/E ratio of 60.50 and a beta of 1.52. The firm’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $12.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51.
Marcus Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, August 26th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Monday, August 26th. Marcus’s dividend payout ratio is currently 116.67%.
Analyst Ratings Changes
MCS has been the subject of several recent analyst reports. B. Riley increased their price objective on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th. Benchmark reissued a “buy” rating and issued a $18.00 price objective on shares of Marcus in a report on Monday, July 29th. Barrington Research reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Marcus in a research report on Friday, August 2nd. Finally, StockNews.com cut shares of Marcus from a “hold” rating to a “sell” rating in a research report on Monday, July 29th.
Get Our Latest Report on Marcus
Marcus 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.
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