The Marcus Co. (NYSE:MCS) Holdings Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in The Marcus Co. (NYSE:MCS) by 9.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 41,075 shares of the company’s stock after selling 4,104 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Marcus were worth $619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCS. Millennium Management LLC grew 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 worth $7,375,000 after purchasing an additional 294,593 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Marcus by 71.0% during the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after buying an additional 183,909 shares in the last quarter. Squarepoint Ops LLC grew its position in Marcus by 35.6% in the second quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after buying an additional 60,921 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Marcus by 2,057.5% in the third quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock valued at $790,000 after buying an additional 49,977 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Marcus by 142.0% during the 3rd 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. 81.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities 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 price target on shares of Marcus in a research report on Wednesday, November 13th. Finally, Benchmark upped their price objective on shares of Marcus from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, November 25th.

Marcus Stock Performance

Shares of MCS stock opened at $21.47 on Friday. The company has a market capitalization of $675.88 million, a price-to-earnings ratio of -63.15, a P/E/G ratio of 4.95 and a beta of 1.54. The Marcus Co. has a 1-year low of $9.56 and a 1-year high of $23.16. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $20.35 and its 200-day simple moving average is $15.46.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.30%. Marcus’s dividend payout ratio is -82.35%.

Insider Transactions at Marcus

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total value of $178,480.00. Following the transaction, the vice president now owns 186,585 shares in the company, valued at $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.00% of the stock is owned by insiders.

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.