The Marcus Co. (NYSE:MCS) Stake Lessened by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. decreased its position in shares of The Marcus Co. (NYSE:MCS) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 224,699 shares of the company’s stock after selling 894 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Marcus were worth $3,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MCS. Innealta Capital LLC bought a new stake in shares of Marcus in the 2nd quarter worth $30,000. nVerses Capital LLC acquired a new position in Marcus during the third quarter worth about $32,000. CWM LLC lifted its holdings in Marcus by 3,319.0% in the 2nd quarter. CWM LLC now owns 2,872 shares of the company’s stock valued at $33,000 after acquiring an additional 2,788 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Marcus by 53.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock valued at $58,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Marcus in the 3rd quarter worth approximately $159,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MCS. Barrington Research restated an “outperform” rating and set a $20.00 target price on shares of Marcus in a report on Thursday, October 31st. StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Benchmark lifted their target price on Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Marcus Stock Down 0.6 %

Marcus stock opened at $21.85 on Monday. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $22.62. The firm’s 50 day simple moving average is $16.20 and its 200-day simple moving average is $13.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.51.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, November 25th. Marcus’s dividend payout ratio (DPR) is currently -82.35%.

Insider Activity

In other news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total transaction of $178,480.00. Following the transaction, the vice president now owns 186,585 shares in the company, valued at approximately $4,162,711.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.00% of the company’s stock.

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.