Marcus (NYSE:MCS) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Marcus (NYSE:MCS) from a buy rating to a hold rating in a research report report published on Friday.

Several other brokerages have also recently commented on MCS. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Marcus in a report on Thursday, January 30th. Barrington Research reiterated an “outperform” rating and issued a $27.00 price target on shares of Marcus in a research note on Thursday.

Marcus Stock Performance

Shares of MCS opened at $18.36 on Friday. Marcus has a 12 month low of $9.56 and a 12 month high of $23.16. The firm has a fifty day simple moving average of $20.78 and a 200 day simple moving average of $18.77. The stock has a market capitalization of $577.85 million, a price-to-earnings ratio of -53.99, a PEG ratio of 3.12 and a beta of 1.53. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, February 25th. Marcus’s dividend payout ratio is currently -82.35%.

Institutional Trading of Marcus

A number of large investors have recently added to or reduced their stakes in MCS. PharVision Advisers LLC acquired a new stake in shares of Marcus during the 4th quarter worth about $298,000. Virtus Investment Advisers Inc. acquired a new stake in shares of Marcus during the 4th quarter worth about $226,000. State of Wyoming lifted its stake in shares of Marcus by 145.7% during the 4th quarter. State of Wyoming now owns 19,916 shares of the company’s stock worth $428,000 after buying an additional 11,810 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Marcus by 28.7% during the 4th quarter. Millennium Management LLC now owns 353,516 shares of the company’s stock worth $7,601,000 after buying an additional 78,932 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Marcus by 2,908.9% during the 4th quarter. Lazard Asset Management LLC now owns 2,377 shares of the company’s stock worth $51,000 after buying an additional 2,298 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.