Meeder Asset Management Inc. Takes Position in The Marcus Co. (NYSE:MCS)

Meeder Asset Management Inc. acquired a new position in The Marcus Co. (NYSE:MCS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,033 shares of the company’s stock, valued at approximately $130,000.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of Marcus in the 4th quarter worth approximately $114,000. Ieq Capital LLC acquired a new position in Marcus in the fourth quarter valued at $220,000. Y Intercept Hong Kong Ltd bought a new stake in Marcus during the fourth quarter valued at $274,000. Fox Run Management L.L.C. bought a new position in shares of Marcus in the 4th quarter worth about $329,000. Finally, SG Americas Securities LLC lifted its stake in shares of Marcus by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 19,944 shares of the company’s stock valued at $429,000 after purchasing an additional 7,067 shares during the period. 81.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MCS. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Marcus in a report on Thursday, January 30th. Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Marcus in a research report on Thursday, February 27th. Finally, StockNews.com cut shares of Marcus from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th.

Marcus Trading Up 0.8 %

Shares of Marcus stock opened at $16.71 on Tuesday. The stock has a market capitalization of $530.62 million, a PE ratio of -49.16, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $23.16. The stock has a 50 day moving average price of $19.17 and a two-hundred day moving average price of $19.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.68%. Marcus’s dividend payout ratio (DPR) is presently -107.69%.

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.