The Marcus Co. (NYSE:MCS) VP Sells $178,480.00 in Stock

The Marcus Co. (NYSE:MCS) VP Thomas F. Kissinger sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the transaction, the vice president now owns 186,585 shares of the company’s stock, valued at $4,162,711.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Marcus Price Performance

Marcus stock traded down $0.39 during mid-day trading on Thursday, hitting $22.00. 355,015 shares of the company traded hands, compared to its average volume of 540,651. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.54. The Marcus Co. has a one year low of $9.56 and a one year high of $22.62. The stock has a market cap of $707.30 million, a price-to-earnings ratio of -65.85, a price-to-earnings-growth ratio of 7.60 and a beta of 1.48. The stock has a fifty day moving average price of $15.88 and a 200-day moving average price of $13.25.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be given a $0.07 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.27%. Marcus’s dividend payout ratio (DPR) is presently -82.35%.

Institutional Investors Weigh In On Marcus

A number of large investors have recently added to or reduced their stakes in MCS. Vanguard Group Inc. increased its position in shares of Marcus by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company’s stock valued at $26,428,000 after purchasing an additional 21,646 shares during the last quarter. Millennium Management LLC raised its stake in shares of Marcus by 83.2% during the second quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after acquiring an additional 294,593 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Marcus by 10.4% during the second quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock worth $5,654,000 after acquiring an additional 46,891 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Marcus by 71.0% during the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after acquiring an additional 183,909 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Marcus by 133.8% in the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock worth $6,227,000 after acquiring an additional 250,019 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MCS shares. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research note on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $20.00 price objective on shares of Marcus in a research report on Thursday, October 31st. Finally, Benchmark boosted their target price on Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

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.