Geode Capital Management LLC Has $8.47 Million Stock Position in The Marcus Co. (NYSE:MCS)

Geode Capital Management LLC lifted its holdings in The Marcus Co. (NYSE:MCS) by 1.3% during the third quarter, HoldingsChannel.com reports. The firm owned 561,687 shares of the company’s stock after purchasing an additional 7,320 shares during the period. Geode Capital Management LLC’s holdings in Marcus were worth $8,467,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. raised its holdings in Marcus by 32.6% during the second quarter. Victory Capital Management Inc. now owns 93,405 shares of the company’s stock worth $1,062,000 after acquiring an additional 22,955 shares in the last quarter. Savant Capital LLC raised its stake in shares of Marcus by 17.9% during the 2nd quarter. Savant Capital LLC now owns 76,132 shares of the company’s stock worth $866,000 after purchasing an additional 11,536 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Marcus in the 2nd quarter valued at approximately $539,000. American Century Companies Inc. boosted its holdings in shares of Marcus by 10.4% in the 2nd quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock valued at $5,654,000 after buying an additional 46,891 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Marcus by 20.5% in the second quarter. Hsbc Holdings PLC now owns 112,211 shares of the company’s stock valued at $1,258,000 after buying an additional 19,107 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

Wall Street Analysts Forecast Growth

MCS has been the topic of several analyst reports. StockNews.com raised shares of Marcus from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Benchmark upped their target price on shares of Marcus from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Barrington Research reiterated an “outperform” rating and set a $24.00 price target on shares of Marcus in a report on Wednesday, November 13th.

Insider Activity at Marcus

In related news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total value of $178,480.00. Following the sale, the vice president now owns 186,585 shares in the company, valued at approximately $4,162,711.35. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is currently owned by insiders.

Marcus Trading Down 1.5 %

NYSE MCS opened at $21.18 on Friday. The firm has a market capitalization of $666.79 million, a PE ratio of -62.29, a price-to-earnings-growth ratio of 4.95 and a beta of 1.54. The business’s 50-day moving average price is $21.39 and its two-hundred day moving average price is $16.22. 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.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.32%. Marcus’s dividend payout ratio (DPR) is currently -82.35%.

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.