SG Americas Securities LLC Sells 5,239 Shares of The Marcus Co. (NYSE:MCS)

SG Americas Securities LLC lessened its holdings in shares of The Marcus Co. (NYSE:MCSGet Rating) by 33.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,377 shares of the company’s stock after selling 5,239 shares during the quarter. SG Americas Securities LLC’s holdings in Marcus were worth $153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avantax Advisory Services Inc. bought a new position in shares of Marcus during the first quarter worth $453,000. Savant Capital LLC increased its holdings in shares of Marcus by 28.9% in the first quarter. Savant Capital LLC now owns 66,646 shares of the company’s stock worth $1,180,000 after purchasing an additional 14,956 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Marcus by 4.0% in the first quarter. Royce & Associates LP now owns 624,059 shares of the company’s stock valued at $11,046,000 after purchasing an additional 24,200 shares in the last quarter. Trilantic Capital Management L.P. grew its stake in shares of Marcus by 27.0% in the 1st quarter. Trilantic Capital Management L.P. now owns 266,644 shares of the company’s stock worth $4,720,000 after buying an additional 56,749 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Marcus by 7.9% in the 1st quarter. Swiss National Bank now owns 51,700 shares of the company’s stock valued at $915,000 after purchasing an additional 3,800 shares during the last quarter. 75.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Benchmark decreased their price target on Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, October 7th. B. Riley decreased their target price on Marcus from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, October 12th. TheStreet lowered Marcus from a “c” rating to a “d+” rating in a research note on Monday, November 7th. Finally, StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.25.

Marcus Stock Up 2.4 %

NYSE:MCS opened at $15.78 on Monday. The Marcus Co. has a fifty-two week low of $13.41 and a fifty-two week high of $21.54. The company’s 50-day simple moving average is $15.00 and its 200-day simple moving average is $15.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $497.20 million, a P/E ratio of 394.50 and a beta of 1.54.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.27%. The ex-dividend date is Wednesday, November 23rd. Marcus’s dividend payout ratio is currently 500.00%.

Marcus Company Profile

(Get Rating)

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates in two segments, Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center.

Further Reading

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Institutional Ownership by Quarter for Marcus (NYSE:MCS)

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