The Marcus Co. (NYSE:MCS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in The Marcus Co. (NYSE:MCS) by 17.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 246,411 shares of the company’s stock after selling 51,608 shares during the period. Bank of New York Mellon Corp owned 0.78% of Marcus worth $5,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Ieq Capital LLC acquired a new stake in Marcus during the fourth quarter worth about $220,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Marcus in the 4th quarter valued at approximately $274,000. SG Americas Securities LLC increased its holdings in shares of Marcus by 54.9% during the 4th quarter. SG Americas Securities LLC now owns 19,944 shares of the company’s stock worth $429,000 after buying an additional 7,067 shares during the last quarter. Walleye Trading LLC raised its position in shares of Marcus by 14.5% during the 3rd quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock valued at $512,000 after buying an additional 4,300 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Marcus by 2,057.5% in the third quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock valued at $790,000 after acquiring an additional 49,977 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCS. 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. StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Marcus in a research report on Thursday, January 30th.

Marcus Trading Up 2.0 %

Shares of NYSE MCS opened at $16.49 on Tuesday. 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 stock has a market capitalization of $523.67 million, a PE ratio of -48.51, a PEG ratio of 3.12 and a beta of 1.57. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16. The stock has a fifty day simple moving average of $19.74 and a 200-day simple moving average of $19.06.

Marcus Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.70%. Marcus’s dividend payout ratio is presently -107.69%.

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.