Marcus (NYSE:MCS) Rating Increased to Buy at StockNews.com

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

Several other equities analysts also recently commented on MCS. Barrington Research restated an “outperform” rating and issued a $24.00 price target on shares of Marcus in a research note on Wednesday. Benchmark increased their price objective on Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Marcus Trading Down 2.7 %

NYSE:MCS traded down $0.61 on Friday, reaching $21.76. The company’s stock had a trading volume of 218,262 shares, compared to its average volume of 533,537. 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 firm has a market cap of $685.00 million, a price-to-earnings ratio of -64.00, a price-to-earnings-growth ratio of 4.97 and a beta of 1.48. Marcus has a 12-month low of $9.56 and a 12-month high of $22.62. The stock has a 50 day moving average price of $16.97 and a 200 day moving average price of $13.67.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. Marcus’s dividend payout ratio (DPR) is -82.35%.

Insider Buying and Selling at Marcus

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the 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 transaction, the vice president now directly owns 186,585 shares of the company’s stock, valued at approximately $4,162,711.35. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marcus

Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in shares of Marcus by 83.2% in the second 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 in the last quarter. Acadian Asset Management LLC grew its holdings in Marcus by 133.8% during the 1st 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 last quarter. Barclays PLC increased its position in Marcus by 135.3% during the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock worth $5,913,000 after buying an additional 225,644 shares in the last quarter. AQR Capital Management LLC lifted its position 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 acquiring an additional 183,909 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Marcus by 35.6% during the second quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock valued at $2,638,000 after acquiring an additional 60,921 shares during the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

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.