Charles Schwab Investment Management Inc. Sells 1,186 Shares of The Marcus Co. (NYSE:MCS)

Charles Schwab Investment Management Inc. lowered its position in The Marcus Co. (NYSE:MCS) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,184 shares of the company’s stock after selling 1,186 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.31% of Marcus worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in shares of Marcus during the third quarter valued at about $32,000. Innealta Capital LLC bought a new position in shares of Marcus during the second quarter valued at about $30,000. CWM LLC boosted its holdings in shares of Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after purchasing an additional 2,788 shares during the period. GAMMA Investing LLC grew its position in shares of Marcus by 53.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after buying an additional 1,336 shares during the last quarter. Finally, Creative Planning bought a new position in Marcus in the 3rd quarter worth $159,000. 81.57% of the stock is owned by institutional investors.

Marcus Trading Down 1.1 %

Shares of MCS opened at $21.69 on Tuesday. The company has a market cap of $682.69 million, a P/E ratio of -63.78, a P/E/G ratio of 5.01 and a beta of 1.54. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16. The company’s fifty day simple moving average is $19.98 and its 200-day simple moving average is $15.29. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 25th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. Marcus’s payout ratio is -82.35%.

Wall Street Analyst Weigh In

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

Insider Transactions at Marcus

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total value of $178,480.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.00% of the company’s stock.

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.