Marcus (NYSE:MCS) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

The Marcus Co. (NYSE:MCS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.75 and traded as high as $20.05. Marcus shares last traded at $19.92, with a volume of 176,700 shares.

Analysts Set New Price Targets

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

Marcus Price Performance

The company has a 50-day moving average of $21.67 and a 200-day moving average of $16.75. 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 firm has a market capitalization of $627.12 million, a price-to-earnings ratio of -58.59, a price-to-earnings-growth ratio of 4.95 and a beta of 1.54.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, November 25th. Marcus’s dividend payout ratio is -82.35%.

Insider Activity at Marcus

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.00% of the stock is currently owned by insiders.

Institutional Trading of Marcus

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Range Financial Group LLC bought a new position in Marcus in the fourth quarter valued at $882,000. Geode Capital Management LLC raised its holdings in Marcus by 1.3% during the third quarter. Geode Capital Management LLC now owns 561,687 shares of the company’s stock worth $8,467,000 after acquiring an additional 7,320 shares in the last quarter. Barclays PLC boosted its position in Marcus by 135.3% during the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock valued at $5,913,000 after purchasing an additional 225,644 shares during the last quarter. Walleye Trading LLC grew its stake in Marcus by 14.5% in the third quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock valued at $512,000 after purchasing an additional 4,300 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of 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 purchasing an additional 49,977 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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.