Charles Schwab Investment Management Inc. Sells 2,030 Shares of The Marcus Co. (NYSE:MCS)

Charles Schwab Investment Management Inc. trimmed its position in shares of The Marcus Co. (NYSE:MCS) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,154 shares of the company’s stock after selling 2,030 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Marcus were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Walleye Trading LLC raised its holdings in shares of Marcus by 14.5% in the 3rd quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock worth $512,000 after purchasing an additional 4,300 shares during the period. SG Americas Securities LLC grew its stake in Marcus by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 19,944 shares of the company’s stock worth $429,000 after buying an additional 7,067 shares in the last quarter. Geode Capital Management LLC lifted its stake in Marcus by 1.3% during the third 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 during the last quarter. Empowered Funds LLC grew its position in Marcus by 5.1% during the fourth quarter. Empowered Funds LLC now owns 169,183 shares of the company’s stock valued at $3,637,000 after acquiring an additional 8,207 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in Marcus during the fourth quarter valued at about $220,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Stock Performance

NYSE:MCS opened at $16.56 on Friday. The Marcus Co. has a 52-week low of $9.56 and a 52-week high of $23.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $525.76 million, a PE ratio of -48.71, a P/E/G ratio of 3.12 and a beta of 1.57. The stock has a 50-day simple moving average of $19.24 and a two-hundred day simple moving average of $19.17.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 1.69%. Marcus’s payout ratio is -107.69%.

Wall Street Analyst Weigh In

MCS has been the topic of a number of analyst reports. Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Marcus in a research report on Thursday, January 30th. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Marcus in a report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a report on Tuesday, March 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.