Wells Fargo & Company MN Sells 55,086 Shares of The Marcus Co. (NYSE:MCS)

Wells Fargo & Company MN decreased its position in shares of The Marcus Co. (NYSE:MCS) by 72.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,353 shares of the company’s stock after selling 55,086 shares during the period. Wells Fargo & Company MN owned about 0.07% of Marcus worth $459,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MCS. Swiss National Bank lifted its holdings in shares of Marcus by 2.2% during the fourth quarter. Swiss National Bank now owns 47,100 shares of the company’s stock valued at $1,013,000 after purchasing an additional 1,000 shares during the last quarter. National Bank of Canada FI raised its stake in Marcus by 407,500.0% during the fourth quarter. National Bank of Canada FI now owns 4,076 shares of the company’s stock valued at $88,000 after buying an additional 4,075 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Marcus in the fourth quarter worth $114,000. Meeder Asset Management Inc. bought a new stake in Marcus in the fourth quarter worth $130,000. Finally, SG Americas Securities LLC grew its stake in shares of Marcus by 54.9% in the fourth 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 during the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Trading Up 3.0 %

Shares of NYSE:MCS opened at $16.93 on Friday. The stock has a 50 day moving average of $16.64 and a 200 day moving average of $19.36. The company has a market cap of $537.51 million, a PE ratio of -49.79, a price-to-earnings-growth ratio of 3.12 and a beta of 1.24. The Marcus Co. has a 12-month low of $9.56 and a 12-month high of $23.16. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.65%. Marcus’s dividend payout ratio is -107.69%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th. Barrington Research reduced their price target on shares of Marcus from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, StockNews.com cut Marcus from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

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.