The Marcus Co. (NYSE:MCS) Short Interest Down 21.3% in March

The Marcus Co. (NYSE:MCS) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 623,900 shares, a drop of 21.3% from the February 28th total of 793,000 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 213,600 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MCS shares. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price target on shares of Marcus in a research note on Thursday, February 27th. StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Marcus in a research report on Thursday, January 30th.

Marcus Trading Down 0.1 %

MCS traded down $0.02 on Tuesday, reaching $16.67. 155,263 shares of the company traded hands, compared to its average volume of 443,441. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The company has a market cap of $529.16 million, a P/E ratio of -49.02, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57. The firm has a fifty day simple moving average of $19.10 and a two-hundred day simple moving average of $19.27. Marcus has a one year low of $9.56 and a one year high of $23.16.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.68%. Marcus’s payout ratio is -107.69%.

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.