The Marcus Co. (NYSE:MCS) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. raised its stake in shares of The Marcus Co. (NYSE:MCS) by 1,102.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,220 shares of the company’s stock after purchasing an additional 130,388 shares during the quarter. Prudential Financial Inc.’s holdings in Marcus were worth $3,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in Marcus in the 4th quarter worth $680,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Marcus by 22.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,030 shares of the company’s stock worth $2,194,000 after purchasing an additional 18,929 shares during the period. Barclays PLC boosted its position in Marcus by 135.3% in the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock valued at $5,913,000 after buying an additional 225,644 shares during the last quarter. Range Financial Group LLC acquired a new position in Marcus in the 4th quarter worth approximately $882,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Marcus during the 4th quarter worth approximately $274,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Stock Performance

MCS opened at $17.02 on Thursday. The firm has a fifty day moving average price of $19.04 and a 200 day moving average price of $19.26. The Marcus Co. has a 1 year low of $9.56 and a 1 year high of $23.16. The stock has a market cap of $540.37 million, a P/E ratio of -50.06, a P/E/G ratio of 3.12 and a beta of 1.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54.

Marcus Dividend Announcement

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

Analysts Set New Price Targets

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

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.