The Marcus Co. (NYSE:MCS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of The Marcus Co. (NYSE:MCS) by 45.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,783 shares of the company’s stock after selling 136,362 shares during the period. JPMorgan Chase & Co. owned approximately 0.52% of Marcus worth $3,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MCS. KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus during the 4th quarter worth $114,000. Ieq Capital LLC purchased a new stake in Marcus during the fourth quarter worth about $220,000. Y Intercept Hong Kong Ltd purchased a new position in Marcus in the fourth quarter valued at about $274,000. Fox Run Management L.L.C. acquired a new stake in shares of Marcus during the 4th quarter valued at approximately $329,000. Finally, SG Americas Securities LLC boosted its stake 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 acquiring an additional 7,067 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Analyst Ratings Changes

MCS has been the subject of several research reports. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Marcus in a report on Friday, April 11th. Barrington Research cut their price target on Marcus from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

Marcus Price Performance

Shares of NYSE:MCS opened at $16.16 on Monday. 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 business’s fifty day moving average price is $17.67 and its two-hundred day moving average price is $19.33. The stock has a market cap of $513.03 million, a PE ratio of -47.53, a price-to-earnings-growth ratio of 3.12 and a beta of 1.24. The Marcus Co. has a one year low of $9.56 and a one year high of $23.16.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, February 25th. Marcus’s payout ratio is currently -107.69%.

About Marcus

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.