Barclays PLC lifted its position in shares of The Marcus Co. (NYSE:MCS - Free Report) by 135.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 392,388 shares of the company's stock after buying an additional 225,644 shares during the quarter. Barclays PLC owned approximately 1.25% of Marcus worth $5,913,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Marcus by 53.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company's stock worth $58,000 after acquiring an additional 1,336 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Marcus in the 3rd quarter worth approximately $32,000. Innealta Capital LLC bought a new position in shares of Marcus during the second quarter valued at approximately $30,000. CWM LLC increased its holdings in Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company's stock valued at $33,000 after buying an additional 2,788 shares during the period. Finally, Walleye Trading LLC raised its stake in Marcus by 14.5% in the third quarter. Walleye Trading LLC now owns 34,000 shares of the company's stock worth $512,000 after buying an additional 4,300 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company's stock.
Several analysts have issued reports on MCS shares. Benchmark increased their target price on Marcus from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Monday, November 25th. StockNews.com upgraded Marcus from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Finally, Barrington Research reiterated an "outperform" rating and issued a $24.00 target price on shares of Marcus in a research note on Wednesday, November 13th.
Check Out Our Latest Report on Marcus
NYSE MCS opened at $21.44 on Friday. The firm's fifty day simple moving average is $20.35 and its two-hundred day simple moving average is $15.46. The firm has a market capitalization of $674.97 million, a P/E ratio of -63.06, a P/E/G ratio of 5.01 and a beta of 1.54. 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 Marcus Co. has a 12-month low of $9.56 and a 12-month high of $23.16.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.31%. Marcus's dividend payout ratio (DPR) is -82.35%.
In other Marcus 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 transaction of $178,480.00. Following the sale, the vice president now owns 186,585 shares of the company's stock, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is currently owned by corporate insiders.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Marcus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marcus wasn't on the list.
While Marcus currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.