The Marcus Co. (NYSE:MCS) Short Interest Down 25.1% in January

The Marcus Co. (NYSE:MCS) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 600,300 shares, a drop of 25.1% from the December 31st total of 801,600 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average trading volume of 248,700 shares, the days-to-cover ratio is currently 2.4 days.

Insider Buying and Selling at Marcus

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the sale, the vice president now directly owns 186,585 shares of the company’s stock, valued at $4,162,711.35. This trade represents a 4.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Marcus

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 1,336 shares during the period. nVerses Capital LLC purchased a new stake in shares of Marcus during the third quarter valued at $32,000. CWM LLC grew its holdings in shares of Marcus by 98.8% in the third quarter. CWM LLC now owns 5,709 shares of the company’s stock worth $86,000 after purchasing an additional 2,837 shares during the last quarter. Walleye Trading LLC increased its stake in Marcus by 14.5% in the 3rd quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock worth $512,000 after buying an additional 4,300 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Marcus by 54.9% during the 4th quarter. SG Americas Securities LLC now owns 19,944 shares of the company’s stock valued at $429,000 after buying an additional 7,067 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Stock Performance

NYSE MCS opened at $20.40 on Friday. The business’s 50 day moving average price is $21.21 and its 200-day moving average price is $17.49. Marcus has a fifty-two week low of $9.56 and a fifty-two week high of $23.16. The company has a market cap of $642.03 million, a P/E ratio of -59.99, a P/E/G ratio of 2.46 and a beta of 1.54. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 25th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Monday, November 25th. Marcus’s dividend payout ratio (DPR) is -82.35%.

Wall Street Analyst Weigh In

Several research firms have commented on MCS. Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Marcus in a report on Thursday. Barrington Research restated an “outperform” rating and issued a $24.00 price target on shares of Marcus in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

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.