Charles Schwab Investment Management Inc. Sells 2,030 Shares of The Marcus Co. (NYSE:MCS)

Charles Schwab Investment Management Inc. cut its holdings in shares of The Marcus Co. (NYSE:MCS) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,154 shares of the company’s stock after selling 2,030 shares during the period. Charles Schwab Investment Management Inc. owned about 0.30% of Marcus worth $2,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Marcus during the fourth quarter worth $680,000. Y Intercept Hong Kong Ltd acquired a new position in Marcus during the fourth quarter worth $274,000. Ieq Capital LLC acquired a new stake in shares of Marcus in the fourth quarter valued at about $220,000. Peapod Lane Capital LLC bought a new position in shares of Marcus in the fourth quarter valued at $3,258,000. Finally, Empowered Funds LLC increased its stake in shares of Marcus by 5.1% during the 4th quarter. Empowered Funds LLC now owns 169,183 shares of the company’s stock worth $3,637,000 after purchasing an additional 8,207 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Trading Down 3.4 %

NYSE MCS opened at $16.56 on Friday. The firm has a market capitalization of $525.76 million, a PE ratio of -48.71, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57. The business’s 50-day moving average price is $19.24 and its two-hundred day moving average price is $19.17. 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 12 month low of $9.56 and a 12 month high of $23.16.

Marcus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Tuesday, February 25th. Marcus’s dividend payout ratio is -107.69%.

Wall Street Analysts Forecast Growth

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

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.