Ancora Advisors LLC Increases Position in The Marcus Co. (NYSE:MCS)

Ancora Advisors LLC grew its holdings in shares of The Marcus Co. (NYSE:MCS) by 18.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 76,293 shares of the company’s stock after purchasing an additional 11,673 shares during the period. Ancora Advisors LLC owned approximately 0.24% of Marcus worth $1,640,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Marcus by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,481,190 shares of the company’s stock valued at $31,845,000 after buying an additional 24,325 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Marcus by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,440,951 shares of the company’s stock worth $30,980,000 after purchasing an additional 8,102 shares during the last quarter. American Century Companies Inc. boosted its stake in Marcus by 23.4% in the 4th quarter. American Century Companies Inc. now owns 736,619 shares of the company’s stock worth $15,837,000 after purchasing an additional 139,577 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Marcus by 69.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 599,118 shares of the company’s stock valued at $12,881,000 after purchasing an additional 246,375 shares during the last quarter. Finally, Barclays PLC increased its stake in Marcus by 135.3% during the 3rd 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 in the last quarter. 81.57% of the stock is owned by institutional investors.

Marcus Stock Up 3.0 %

MCS opened at $16.93 on Monday. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16. 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 firm has a 50 day moving average price of $16.64 and a 200-day moving average price of $19.39. The stock has a market capitalization of $537.51 million, a price-to-earnings ratio of -49.79, a PEG ratio of 3.12 and a beta of 1.24.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.65%. Marcus’s payout ratio is -107.69%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Barrington Research lowered their price objective on Marcus from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Marcus in a report on Friday, April 11th.

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.