New York State Teachers Retirement System Sells 2,600 Shares of The Marcus Co. (NYSE:MCS)

New York State Teachers Retirement System trimmed its position in The Marcus Co. (NYSE:MCS) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 45,307 shares of the company’s stock after selling 2,600 shares during the period. New York State Teachers Retirement System’s holdings in Marcus were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MCS. Teachers Retirement System of The State of Kentucky bought a new stake in Marcus in the 3rd quarter worth about $52,000. Tower Research Capital LLC TRC grew its position in shares of Marcus by 468.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,746 shares of the company’s stock valued at $70,000 after acquiring an additional 3,911 shares during the period. State of Wyoming grew its position in shares of Marcus by 23.1% during the 4th quarter. State of Wyoming now owns 5,700 shares of the company’s stock valued at $82,000 after acquiring an additional 1,071 shares during the period. Morgan Dempsey Capital Management LLC grew its position in shares of Marcus by 24.7% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 4,858 shares of the company’s stock valued at $86,000 after acquiring an additional 962 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Marcus during the 1st quarter valued at approximately $127,000. 81.57% of the stock is owned by institutional investors.

Marcus Stock Performance

Shares of MCS stock opened at $13.16 on Friday. The stock has a market capitalization of $417.44 million, a P/E ratio of 42.45, a PEG ratio of 12.36 and a beta of 1.47. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $14.16 and its 200 day moving average is $14.46. The Marcus Co. has a 12 month low of $12.78 and a 12 month high of $17.84.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.12. Marcus had a net margin of 2.03% and a return on equity of 3.19%. The business had revenue of $161.53 million for the quarter, compared to analysts’ expectations of $160.75 million. On average, sell-side analysts anticipate that The Marcus Co. will post 0.07 earnings per share for the current year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, March 1st. Marcus’s dividend payout ratio is presently 90.32%.

Wall Street Analysts Forecast Growth

MCS has been the subject of a number of research reports. StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Marcus in a research report on Tuesday, March 5th. B. Riley reduced their target price on shares of Marcus from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 2nd. Finally, Barrington Research restated an “outperform” rating and set a $20.00 price target on shares of Marcus in a research note on Friday, March 1st.

Marcus 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.