Marcus (NYSE:MCS) Cut to Hold at StockNews.com

StockNews.com lowered shares of Marcus (NYSE:MCS) from a buy rating to a hold rating in a research note published on Tuesday morning.

MCS has been the topic of a number of other research reports. Barrington Research restated an “outperform” rating and issued a $27.00 price objective on shares of Marcus in a report on Thursday, February 27th. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Marcus in a research note on Thursday, January 30th.

Marcus Stock Performance

Shares of MCS stock opened at $15.85 on Tuesday. The stock has a fifty day moving average of $20.03 and a 200 day moving average of $18.98. The firm has a market capitalization of $503.09 million, a price-to-earnings ratio of -46.61, a PEG ratio of 3.12 and a beta of 1.57. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. Marcus has a 52 week low of $9.56 and a 52 week high of $23.16.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, February 25th. Marcus’s dividend payout ratio is currently -107.69%.

Institutional Investors Weigh In On Marcus

Several institutional investors have recently modified their holdings of MCS. Lazard Asset Management LLC lifted its stake in Marcus by 2,908.9% during the 4th quarter. Lazard Asset Management LLC now owns 2,377 shares of the company’s stock valued at $51,000 after acquiring an additional 2,298 shares during the period. Quarry LP purchased a new position in shares of Marcus in the 4th quarter worth $70,000. National Bank of Canada FI grew its holdings in shares of Marcus by 407,500.0% in the fourth quarter. National Bank of Canada FI now owns 4,076 shares of the company’s stock worth $88,000 after acquiring an additional 4,075 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Marcus during the fourth quarter valued at $114,000. Finally, Meeder Asset Management Inc. bought a new position in Marcus in the fourth quarter valued at about $130,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

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.