The Marcus Co. (NYSE:MCS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of The Marcus Co. (NYSE:MCS) by 27.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,492 shares of the company’s stock after selling 37,362 shares during the period. Jane Street Group LLC owned 0.32% of Marcus worth $2,139,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Quarry LP acquired a new stake in Marcus in the 4th quarter worth about $70,000. National Bank of Canada FI boosted its stake in Marcus by 407,500.0% in the 4th quarter. National Bank of Canada FI now owns 4,076 shares of the company’s stock worth $88,000 after buying an additional 4,075 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Marcus in the 4th quarter worth about $114,000. Meeder Asset Management Inc. acquired a new stake in Marcus in the 4th quarter worth about $130,000. Finally, Sterling Capital Management LLC boosted its stake in Marcus by 8.5% in the 4th quarter. Sterling Capital Management LLC now owns 8,876 shares of the company’s stock worth $191,000 after buying an additional 693 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on MCS shares. StockNews.com lowered Marcus from a “buy” rating to a “hold” rating in a research note on Thursday. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a research note on Tuesday, May 6th. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th. Finally, B. Riley initiated coverage on Marcus in a research note on Friday. They issued a “buy” rating and a $24.00 price objective on the stock.

Marcus Stock Performance

NYSE MCS opened at $17.10 on Friday. The firm has a market capitalization of $543.00 million, a P/E ratio of -50.30, a P/E/G ratio of 3.12 and a beta of 1.22. The Marcus Co. has a 1-year low of $9.56 and a 1-year high of $23.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50-day simple moving average is $16.52 and its 200-day simple moving average is $19.37.

Marcus (NYSE:MCS) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($0.02). The firm had revenue of $148.77 million during the quarter, compared to analyst estimates of $145.50 million. Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. Equities analysts predict that The Marcus Co. will post 0.36 EPS for the current year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, May 27th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, May 27th. Marcus’s dividend payout ratio (DPR) is presently -66.67%.

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.