The Marcus Co. (NYSE:MCS) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in The Marcus Co. (NYSE:MCS) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,700 shares of the company’s stock after selling 6,800 shares during the quarter. Gabelli Funds LLC’s holdings in Marcus were worth $4,186,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MCS. Invesco Ltd. boosted its holdings in Marcus by 0.8% in the fourth quarter. Invesco Ltd. now owns 64,448 shares of the company’s stock valued at $1,386,000 after acquiring an additional 511 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Marcus by 8.5% in the 4th quarter. Sterling Capital Management LLC now owns 8,876 shares of the company’s stock valued at $191,000 after purchasing an additional 693 shares in the last quarter. Swiss National Bank lifted its stake in shares of Marcus by 2.2% in the 4th quarter. Swiss National Bank now owns 47,100 shares of the company’s stock valued at $1,013,000 after purchasing an additional 1,000 shares in the last quarter. Bank of Montreal Can increased its position in Marcus by 0.6% during the 4th quarter. Bank of Montreal Can now owns 259,666 shares of the company’s stock worth $5,583,000 after purchasing an additional 1,536 shares in the last quarter. Finally, National Bank of Canada FI increased its position in Marcus by 407,500.0% during 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 in the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th. StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Barrington Research reduced their price objective on Marcus from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday.

Marcus Trading Up 1.0 %

NYSE MCS opened at $16.16 on Friday. The company’s fifty day simple moving average is $17.78 and its 200-day simple moving average is $19.28. The stock has a market cap of $513.03 million, a P/E ratio of -47.53, a PEG ratio of 3.12 and a beta of 1.24. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $23.16. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were given a $0.07 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.73%. Marcus’s payout ratio is currently -107.69%.

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.