Short Interest in The Marcus Co. (NYSE:MCS) Decreases By 21.3%

by · The Markets Daily

The Marcus Co. (NYSE:MCS – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 623,900 shares, a drop of 21.3% from the February 28th total of 793,000 shares. Based on an average daily volume of 213,600 shares, the short-interest ratio is presently 2.9 days. Currently, 2.7% of the shares of the company are sold short.

Marcus Price Performance

Shares of Marcus stock traded up $0.32 on Wednesday, reaching $17.02. The company’s stock had a trading volume of 169,761 shares, compared to its average volume of 442,953. Marcus has a 52-week low of $9.56 and a 52-week high of $23.16. The company has a market capitalization of $540.37 million, a P/E ratio of -50.06, a PEG ratio of 3.12 and a beta of 1.57. 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 stock has a 50-day moving average price of $19.10 and a 200-day moving average price of $19.27.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.65%. Marcus’s dividend payout ratio (DPR) is -107.69%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its stake in Marcus by 69.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 599,118 shares of the company’s stock worth $12,881,000 after buying an additional 246,375 shares in the last quarter. Barclays PLC lifted its holdings in Marcus by 135.3% in 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. Renaissance Technologies LLC boosted its stake in Marcus by 303.7% during the 4th quarter. Renaissance Technologies LLC now owns 257,089 shares of the company’s stock worth $5,527,000 after purchasing an additional 193,400 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in shares of Marcus during the fourth quarter worth $3,258,000. Finally, American Century Companies Inc. raised its position in shares of Marcus by 23.4% in the fourth quarter. American Century Companies Inc. now owns 736,619 shares of the company’s stock valued at $15,837,000 after buying an additional 139,577 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MCS shares. Barrington Research reissued an “outperform” rating and issued a $27.00 price objective on shares of Marcus in a report on Thursday, February 27th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Marcus in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th.

Read Our Latest Report on MCS

Marcus Company Profile

(Get Free Report)

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.

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