Victory Capital Management Inc. Trims Stock Holdings in The Marcus Co. (NYSE:MCS)

Victory Capital Management Inc. cut its holdings in shares of The Marcus Co. (NYSE:MCS) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,529 shares of the company’s stock after selling 11,876 shares during the quarter. Victory Capital Management Inc. owned approximately 0.25% of Marcus worth $1,229,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Millennium Management LLC grew its position in shares of Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after acquiring an additional 294,593 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Marcus by 71.0% in the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after purchasing an additional 183,909 shares during the period. Squarepoint Ops LLC increased its stake in 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 purchasing an additional 60,921 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Marcus during the second quarter worth $539,000. Finally, American Century Companies Inc. lifted its position in shares of Marcus by 10.4% in the 2nd quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock worth $5,654,000 after buying an additional 46,891 shares during the last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MCS shares. Barrington Research reiterated an “outperform” rating and set a $24.00 price objective on shares of Marcus in a research note on Wednesday, November 13th. Benchmark increased their price target on Marcus from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday. Finally, StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

Insider Activity at Marcus

In other news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total value of $178,480.00. Following the sale, the vice president now owns 186,585 shares in the company, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is currently owned by company insiders.

Marcus Trading Down 0.8 %

NYSE:MCS opened at $21.92 on Wednesday. The company has a market capitalization of $690.09 million, a P/E ratio of -64.65, a P/E/G ratio of 4.98 and a beta of 1.48. The stock’s 50 day moving average price is $17.85 and its 200 day moving average price is $14.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $22.73.

Marcus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, November 25th. Marcus’s payout ratio is -82.35%.

About Marcus

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.