Polymer Capital Management US LLC Buys New Stake in The Marcus Co. (NYSE:MCS)

Polymer Capital Management US LLC purchased a new stake in shares of The Marcus Co. (NYSE:MCS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,370 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Marcus during the 4th quarter worth about $680,000. Prudential Financial Inc. raised its holdings in Marcus by 1,102.0% in the 4th quarter. Prudential Financial Inc. now owns 142,220 shares of the company’s stock worth $3,058,000 after purchasing an additional 130,388 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Marcus by 22.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,030 shares of the company’s stock worth $2,194,000 after purchasing an additional 18,929 shares in the last quarter. Barclays PLC grew its holdings in Marcus by 135.3% in the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock valued at $5,913,000 after purchasing an additional 225,644 shares during the period. Finally, Range Financial Group LLC purchased a new stake in shares of Marcus in the fourth quarter valued at approximately $882,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Stock Up 0.9 %

Shares of MCS opened at $15.39 on Tuesday. The stock has a 50 day moving average price of $18.76 and a 200 day moving average price of $19.30. The Marcus Co. has a one year low of $9.56 and a one year high of $23.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $488.62 million, a price-to-earnings ratio of -45.26, a PEG ratio of 3.12 and a beta of 1.24.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 25th. Marcus’s payout ratio is -107.69%.

Wall Street Analyst Weigh In

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