Creative Planning Makes New $159,000 Investment in The Marcus Co. (NYSE:MCS)

Creative Planning bought a new stake in shares of The Marcus Co. (NYSE:MCS) in the 3rd quarter, Holdings Channel reports. The firm bought 10,580 shares of the company’s stock, valued at approximately $159,000.

Other large investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its position in shares of Marcus by 35.7% during the first 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 period. Acadian Asset Management LLC boosted its position in shares of Marcus by 133.8% during the first 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 period. CWM LLC boosted its position in shares of Marcus by 98.8% during the third quarter. CWM LLC now owns 5,709 shares of the company’s stock valued at $86,000 after buying an additional 2,837 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of Marcus during the first quarter valued at approximately $173,000. Finally, Comerica Bank boosted its position in shares of Marcus by 138.3% during the first quarter. Comerica Bank now owns 27,523 shares of the company’s stock valued at $392,000 after buying an additional 15,972 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Wall Street Analyst Weigh In

MCS has been the subject of several recent analyst reports. Benchmark boosted their target price on Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barrington Research reiterated an “outperform” rating and issued a $20.00 price target on shares of Marcus in a report on Thursday, October 31st. Finally, StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th.

Insider Buying and Selling

In related news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 186,585 shares of the company’s stock, valued at $4,162,711.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.00% of the stock is currently owned by insiders.

Marcus Stock Up 0.7 %

Shares of NYSE MCS opened at $22.01 on Tuesday. The firm has a market capitalization of $692.87 million, a price-to-earnings ratio of -64.74, a PEG ratio of 4.94 and a beta of 1.48. The Marcus Co. has a 52-week low of $9.56 and a 52-week high of $22.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.54. The stock has a 50 day moving average price of $16.35 and a 200 day moving average price of $13.43.

Marcus Announces Dividend

The firm 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. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, November 25th. Marcus’s dividend payout ratio (DPR) is -82.35%.

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.