New York State Teachers Retirement System Sells 2,600 Shares of The Marcus Co. (NYSE:MCS)

New York State Teachers Retirement System cut its holdings in The Marcus Co. (NYSE:MCS) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,307 shares of the company’s stock after selling 2,600 shares during the period. New York State Teachers Retirement System owned 0.14% of Marcus worth $661,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in shares of Marcus by 27.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 335,302 shares of the company’s stock worth $4,889,000 after purchasing an additional 71,189 shares during the period. Pacer Advisors Inc. acquired a new stake in Marcus during the fourth quarter worth about $15,410,000. American Century Companies Inc. grew its position in Marcus by 10.1% during the third quarter. American Century Companies Inc. now owns 282,259 shares of the company’s stock worth $4,375,000 after buying an additional 25,867 shares in the last quarter. WINTON GROUP Ltd grew its position in Marcus by 8.3% during the third quarter. WINTON GROUP Ltd now owns 22,650 shares of the company’s stock worth $351,000 after buying an additional 1,735 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Marcus during the third quarter worth about $301,000. 81.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MCS has been the topic of a number of recent research reports. Barrington Research reissued an “outperform” rating and set a $20.00 target price on shares of Marcus in a research report on Friday, March 1st. B. Riley decreased their target price on Marcus from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 2nd. StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Marcus in a report on Tuesday, March 5th.

Marcus Stock Up 2.6 %

NYSE MCS opened at $13.16 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $14.16 and its two-hundred day moving average is $14.46. The company has a market capitalization of $417.44 million, a price-to-earnings ratio of 42.45, a PEG ratio of 12.36 and a beta of 1.47. The Marcus Co. has a 1-year low of $12.78 and a 1-year high of $17.84.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.12. The company had revenue of $161.53 million for the quarter, compared to the consensus estimate of $160.75 million. Marcus had a return on equity of 3.19% and a net margin of 2.03%. Equities analysts forecast that The Marcus Co. will post 0.07 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, March 1st. Marcus’s payout ratio is currently 90.32%.

Marcus 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.