UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in The Marcus Co. (NYSE:MCS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in The Marcus Co. (NYSE:MCS) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,075 shares of the company’s stock after selling 4,104 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Marcus worth $619,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in shares of Marcus by 83.2% in the 2nd 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. AQR Capital Management LLC increased 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 valued at $5,036,000 after buying an additional 183,909 shares during the last quarter. Squarepoint Ops LLC raised 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 buying an additional 60,921 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Marcus by 2,057.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock worth $790,000 after buying an additional 49,977 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Marcus by 142.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company’s stock worth $1,252,000 after acquiring an additional 48,759 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MCS. Barrington Research reissued an “outperform” rating and set a $24.00 price target on shares of Marcus in a research report on Wednesday, November 13th. Benchmark raised their price target on shares of Marcus from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, StockNews.com raised shares of Marcus from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

Marcus Stock Performance

MCS stock opened at $21.47 on Friday. The Marcus Co. has a 1 year low of $9.56 and a 1 year high of $23.16. The stock has a market capitalization of $675.88 million, a price-to-earnings ratio of -63.15, a PEG ratio of 4.95 and a beta of 1.54. 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 stock’s fifty day moving average is $20.35 and its two-hundred day moving average is $15.46.

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 25th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Monday, November 25th. Marcus’s payout ratio is -82.35%.

Marcus 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.