Proficio Capital Partners LLC Purchases New Stake in The Marcus Co. (NYSE:MCS)

Proficio Capital Partners LLC purchased a new stake in The Marcus Co. (NYSE:MCS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 31,605 shares of the company’s stock, valued at approximately $680,000. Proficio Capital Partners LLC owned about 0.10% of Marcus as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCS. Walleye Trading LLC lifted its position in shares of Marcus by 14.5% during the third quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock worth $512,000 after purchasing an additional 4,300 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Marcus by 54.9% during the fourth quarter. SG Americas Securities LLC now owns 19,944 shares of the company’s stock worth $429,000 after purchasing an additional 7,067 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 7,320 shares in the last quarter. Empowered Funds LLC raised its holdings in Marcus by 5.1% in the fourth quarter. Empowered Funds LLC now owns 169,183 shares of the company’s stock valued at $3,637,000 after acquiring an additional 8,207 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in Marcus in the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Stock Down 1.2 %

MCS stock opened at $17.45 on Friday. 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 Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16. The company’s 50 day moving average is $19.51 and its two-hundred day moving average is $19.11. The stock has a market cap of $553.86 million, a P/E ratio of -51.31, a PEG ratio of 3.12 and a beta of 1.57.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.61%. Marcus’s dividend payout ratio (DPR) is presently -107.69%.

Analyst Ratings Changes

MCS has been the topic of several analyst reports. StockNews.com cut shares of Marcus from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Marcus in a report on Thursday, January 30th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Marcus in a report on Thursday, February 27th.

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.