Marcus (NYSE:MCS) Trading Up 8.1% – What’s Next?

The Marcus Co. (NYSE:MCS)’s share price was up 8.1% on Wednesday . The stock traded as high as $17.49 and last traded at $17.55. Approximately 16,252 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 209,142 shares. The stock had previously closed at $16.23.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MCS shares. StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Marcus in a research note on Thursday, January 30th. Finally, Barrington Research restated an “outperform” rating and issued a $27.00 price target on shares of Marcus in a research note on Thursday, February 27th.

Marcus Trading Up 6.9 %

The firm has a 50 day simple moving average of $19.66 and a 200 day simple moving average of $19.07. 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 firm has a market capitalization of $550.97 million, a PE ratio of -50.99, a P/E/G ratio of 3.12 and a beta of 1.57.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.28 annualized dividend and a yield of 1.61%. Marcus’s dividend payout ratio is -107.69%.

Hedge Funds Weigh In On Marcus

Several hedge funds and other institutional investors have recently modified their holdings of MCS. Empowered Funds LLC lifted its holdings in shares of Marcus by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 160,976 shares of the company’s stock valued at $2,426,000 after buying an additional 8,174 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 buying an additional 48,759 shares during the period. BNP Paribas Financial Markets raised its holdings in Marcus by 2,057.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock worth $790,000 after purchasing an additional 49,977 shares during the period. Walleye Trading LLC raised its holdings in Marcus by 14.5% in the 3rd quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock worth $512,000 after purchasing an additional 4,300 shares during the period. Finally, Barclays PLC raised its holdings in Marcus by 135.3% in the 3rd quarter. Barclays PLC now owns 392,388 shares of the company’s stock worth $5,913,000 after purchasing an additional 225,644 shares during the period. 81.57% of the stock is owned by 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.