State Street Corp Sells 8,808 Shares of The Marcus Co. (NYSE:MCS)

State Street Corp cut its stake in The Marcus Co. (NYSE:MCS) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,224 shares of the company’s stock after selling 8,808 shares during the period. State Street Corp owned approximately 1.69% of Marcus worth $8,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. nVerses Capital LLC bought a new position in Marcus in the 3rd quarter valued at about $32,000. Innealta Capital LLC acquired a new position in Marcus during the second quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in Marcus by 53.0% during the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock valued at $58,000 after purchasing an additional 1,336 shares in the last quarter. CWM LLC lifted its stake in Marcus by 98.8% during the third quarter. CWM LLC now owns 5,709 shares of the company’s stock worth $86,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of Marcus in the 3rd quarter valued at $159,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

Analysts Set New Price Targets

MCS has been the subject of a number of research analyst reports. Benchmark boosted their price target on Marcus from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Barrington Research reissued an “outperform” rating and issued a $24.00 target price on shares of Marcus in a report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

Insiders Place Their Bets

In other news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Marcus Trading Down 1.3 %

NYSE MCS opened at $21.41 on Friday. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16. The business’s fifty day moving average is $20.99 and its 200 day moving average is $15.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The company has a market cap of $674.03 million, a price-to-earnings ratio of -62.97, a price-to-earnings-growth ratio of 4.95 and a beta of 1.54.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Monday, November 25th. Marcus’s dividend payout ratio is currently -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.