Peapod Lane Capital LLC Invests $3.26 Million in The Marcus Co. (NYSE:MCS)

Peapod Lane Capital LLC bought a new stake in The Marcus Co. (NYSE:MCS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 151,531 shares of the company’s stock, valued at approximately $3,258,000. Marcus makes up about 3.2% of Peapod Lane Capital LLC’s holdings, making the stock its 7th biggest holding. Peapod Lane Capital LLC owned about 0.48% of Marcus as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in Marcus in the 3rd quarter worth $432,000. Barclays PLC increased its position in shares of 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 acquiring an additional 225,644 shares during the last quarter. Range Financial Group LLC acquired a new position in shares of Marcus in the fourth quarter worth about $882,000. CWM LLC boosted its holdings in Marcus by 98.8% in the third quarter. CWM LLC now owns 5,709 shares of the company’s stock valued at $86,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 purchasing an additional 48,759 shares in the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $24.00 target price on shares of Marcus in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Marcus in a research report on Thursday, January 30th.

Marcus Trading Up 2.0 %

Shares of MCS opened at $21.83 on Thursday. The stock has a 50 day moving average of $20.99 and a 200-day moving average of $18.12. 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 52 week low of $9.56 and a 52 week high of $23.16.

Marcus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.28%. Marcus’s dividend payout ratio is presently -82.35%.

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.