SG Americas Securities LLC bought a new stake in The Marcus Co. (NYSE:MCS – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,877 shares of the company’s stock, valued at approximately $194,000.
Several other large investors also recently added to or reduced their stakes in MCS. CANADA LIFE ASSURANCE Co lifted its stake in shares of Marcus by 35.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 21,431 shares of the company’s stock worth $305,000 after buying an additional 5,640 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Marcus by 221.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the company’s stock valued at $216,000 after acquiring an additional 10,454 shares during the period. Acadian Asset Management LLC increased its stake in shares of Marcus by 133.8% in the first quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock worth $6,227,000 after purchasing an additional 250,019 shares during the period. Comerica Bank lifted its position in shares of Marcus by 138.3% during the 1st quarter. Comerica Bank now owns 27,523 shares of the company’s stock worth $392,000 after purchasing an additional 15,972 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in Marcus during the 1st quarter valued at approximately $173,000. 81.57% of the stock is owned by institutional investors.
Marcus Stock Down 1.6 %
MCS opened at $16.21 on Thursday. The company has a market capitalization of $521.23 million, a P/E ratio of 67.54 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.51. The firm’s fifty day moving average price is $14.82 and its two-hundred day moving average price is $12.84. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $16.74.
Marcus Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were paid a $0.07 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.73%. Marcus’s dividend payout ratio is currently 116.67%.
Wall Street Analysts Forecast Growth
MCS has been the topic of several research analyst reports. Benchmark raised their price objective on shares of Marcus from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Marcus from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. B. Riley lifted their target price on Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Finally, Barrington Research restated an “outperform” rating and set a $20.00 price target on shares of Marcus in a research note on Friday, September 20th.
View Our Latest Stock 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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