Marcus (NYSE:MCS) Stock Passes Above 200 Day Moving Average – Should You Sell?

The Marcus Co. (NYSE:MCS)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.14 and traded as high as $20.24. Marcus shares last traded at $20.06, with a volume of 188,786 shares trading hands.

Wall Street Analysts Forecast Growth

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

Marcus Price Performance

The firm has a market capitalization of $631.39 million, a P/E ratio of -58.99, a price-to-earnings-growth ratio of 2.42 and a beta of 1.54. 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 50 day moving average price of $21.38 and a 200-day moving average price of $17.14.

Marcus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 25th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Monday, November 25th. Marcus’s dividend payout ratio (DPR) is -82.35%.

Insider Transactions at Marcus

In related news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the transaction, the vice president now owns 186,585 shares in the company, valued at $4,162,711.35. The trade was a 4.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Marcus

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Marcus by 53.0% in the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after acquiring an additional 1,336 shares during the period. nVerses Capital LLC bought a new stake in shares of Marcus in the 3rd quarter valued at about $32,000. CWM LLC lifted its position in shares of Marcus by 98.8% in the 3rd 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 period. Walleye Trading LLC boosted its stake in shares of Marcus by 14.5% during 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, SG Americas Securities LLC increased its holdings in Marcus by 54.9% during the fourth quarter. SG Americas Securities LLC now owns 19,944 shares of the company’s stock valued at $429,000 after buying an additional 7,067 shares during the period. 81.57% of the stock is currently 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.