The Marcus Co. (NYSE:MCS) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. lessened its stake in shares of The Marcus Co. (NYSE:MCS) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,000 shares of the company’s stock after selling 2,500 shares during the quarter. Teton Advisors Inc. owned about 0.22% of Marcus worth $1,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Marcus by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,911,190 shares of the company’s stock valued at $27,865,000 after acquiring an additional 38,453 shares during the period. Pacer Advisors Inc. acquired a new position in Marcus in the fourth quarter worth approximately $15,410,000. KLCM Advisors Inc. grew its position in Marcus by 0.5% in the fourth quarter. KLCM Advisors Inc. now owns 564,964 shares of the company’s stock worth $8,237,000 after buying an additional 2,999 shares during the last quarter. Invesco Ltd. grew its position in Marcus by 7.3% in the third quarter. Invesco Ltd. now owns 422,664 shares of the company’s stock worth $6,551,000 after buying an additional 28,936 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Marcus by 27.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 335,302 shares of the company’s stock worth $4,889,000 after buying an additional 71,189 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Trading Down 8.1 %

Marcus stock traded down $1.06 during midday trading on Thursday, reaching $12.05. The stock had a trading volume of 1,105,011 shares, compared to its average volume of 419,912. The firm’s fifty day simple moving average is $13.95 and its two-hundred day simple moving average is $14.31. The Marcus Co. has a twelve month low of $11.58 and a twelve month high of $17.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market cap of $382.23 million, a price-to-earnings ratio of 38.94, a PEG ratio of 6.95 and a beta of 1.48.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.12. Marcus had a net margin of 2.03% and a return on equity of 3.19%. The firm had revenue of $161.53 million during the quarter, compared to analyst estimates of $160.75 million. Equities analysts anticipate that The Marcus Co. will post 0.13 EPS for the current fiscal year.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, March 1st. Marcus’s dividend payout ratio is 90.32%.

Wall Street Analyst Weigh In

MCS has been the topic of several recent research reports. StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Marcus in a research report on Tuesday, March 5th. Finally, Barrington Research restated an “outperform” rating and issued a $20.00 price target on shares of Marcus in a research report on Monday, April 22nd.

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.