Bank of Montreal Can Has $3.91 Million Stock Holdings in The Marcus Co. (NYSE:MCS)

Bank of Montreal Can decreased its holdings in shares of The Marcus Co. (NYSE:MCS) by 65.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,130 shares of the company’s stock after selling 480,570 shares during the quarter. Bank of Montreal Can’s holdings in Marcus were worth $3,906,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MCS. Millennium Management LLC increased its stake in shares of Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after purchasing an additional 294,593 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Marcus by 71.0% in the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after purchasing an additional 183,909 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Marcus by 35.6% during the 2nd quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after acquiring an additional 60,921 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Marcus by 142.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company’s stock valued at $1,252,000 after acquiring an additional 48,759 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Marcus during the second quarter valued at $539,000. Institutional investors own 81.57% of the company’s stock.

Marcus Stock Performance

Marcus stock opened at $22.57 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The Marcus Co. has a 52-week low of $9.56 and a 52-week high of $23.16. The firm’s fifty day moving average is $18.63 and its 200 day moving average is $14.49.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a yield of 1.24%. Marcus’s dividend payout ratio is currently -82.35%.

Insiders Place Their Bets

In related news, VP Thomas F. Kissinger sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total value of $178,480.00. Following the completion of the sale, the vice president now owns 186,585 shares of the company’s stock, valued at approximately $4,162,711.35. This represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 5.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MCS. StockNews.com raised Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Benchmark raised their price target on Marcus from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Barrington Research reiterated an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a research report on Wednesday, November 13th.

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.