Empowered Funds LLC Grows Stock Holdings in The Marcus Co. (NYSE:MCS)

Empowered Funds LLC raised its position in shares of The Marcus Co. (NYSE:MCS) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,976 shares of the company’s stock after buying an additional 8,174 shares during the period. Empowered Funds LLC owned about 0.50% of Marcus worth $2,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in shares of Marcus during the third quarter worth $432,000. nVerses Capital LLC purchased a new position in shares of Marcus during the third quarter worth $32,000. Creative Planning purchased a new position in Marcus in the third quarter valued at $159,000. CWM LLC boosted its holdings in Marcus by 98.8% in the third quarter. CWM LLC now owns 5,709 shares of the company’s stock valued at $86,000 after purchasing an additional 2,837 shares during the period. Finally, Marquette Asset Management LLC purchased a new position in Marcus in the third quarter valued at $327,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Marcus Stock Up 1.4 %

Shares of NYSE MCS opened at $21.76 on Wednesday. The company has a market capitalization of $685.00 million, a price-to-earnings ratio of -64.00, a price-to-earnings-growth ratio of 4.92 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. The business has a 50-day moving average of $17.26 and a two-hundred day moving average of $13.81. The Marcus Co. has a 1 year low of $9.56 and a 1 year high of $22.62.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, November 25th. Marcus’s dividend payout ratio (DPR) is -82.35%.

Insiders Place Their Bets

In other 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 sale, the vice president now owns 186,585 shares in the company, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of Marcus in a report on Wednesday, November 13th. Finally, Benchmark lifted their target price on Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 1st.

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.