Brandywine Global Investment Management LLC Increases Stock Position in The Marcus Co. (NYSE:MCS)

Brandywine Global Investment Management LLC grew its holdings in shares of The Marcus Co. (NYSE:MCS) by 183.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,150 shares of the company’s stock after buying an additional 32,470 shares during the period. Brandywine Global Investment Management LLC’s holdings in Marcus were worth $1,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCS. BNP Paribas Financial Markets lifted its position in Marcus by 2,057.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock valued at $790,000 after acquiring an additional 49,977 shares during the period. Walleye Trading LLC increased its stake in shares of Marcus by 14.5% during the third quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock valued at $512,000 after purchasing an additional 4,300 shares in the last quarter. Barclays PLC lifted its holdings in shares of Marcus by 135.3% during the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock valued at $5,913,000 after purchasing an additional 225,644 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Marcus by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,687 shares of the company’s stock worth $8,467,000 after purchasing an additional 7,320 shares in the last quarter. Finally, Range Financial Group LLC purchased a new stake in shares of Marcus in the 4th quarter worth approximately $882,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Stock Performance

MCS stock opened at $15.97 on Friday. The stock’s 50 day simple moving average is $18.95 and its 200 day simple moving average is $19.23. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The Marcus Co. has a 12-month low of $9.56 and a 12-month high of $23.16. The stock has a market capitalization of $507.03 million, a PE ratio of -46.97, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57.

Marcus Announces Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, February 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.75%. Marcus’s dividend payout ratio (DPR) is presently -107.69%.

Analyst Upgrades and Downgrades

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

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.