Y Intercept Hong Kong Ltd Acquires New Shares in The Marcus Co. (NYSE:MCS)

Y Intercept Hong Kong Ltd acquired a new position in shares of The Marcus Co. (NYSE:MCS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,763 shares of the company’s stock, valued at approximately $274,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 225,644 shares during the period. Range Financial Group LLC acquired a new position in Marcus during the 4th quarter valued at about $882,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Marcus by 142.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company’s stock valued at $1,252,000 after purchasing an additional 48,759 shares during the period. Geode Capital Management LLC grew its position in Marcus by 1.3% in the 3rd 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 during the last quarter. Finally, Creative Planning acquired a new stake in shares of Marcus in the third quarter valued at approximately $159,000. 81.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCS has been the subject of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Marcus in a report on Thursday, January 30th. StockNews.com lowered Marcus from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Barrington Research reissued an “outperform” rating and set a $27.00 price target on shares of Marcus in a report on Thursday, February 27th.

Marcus Price Performance

Shares of NYSE:MCS opened at $17.26 on Wednesday. The stock has a market cap of $543.22 million, a price-to-earnings ratio of -50.75, a PEG ratio of 3.12 and a beta of 1.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54. The Marcus Co. has a 12 month low of $9.56 and a 12 month high of $23.16. The stock’s 50 day moving average price is $20.63 and its 200 day moving average price is $18.91.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, February 25th. Marcus’s dividend payout ratio is presently -107.69%.

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.