Connor Clark & Lunn Investment Management Ltd. Boosts Stock Position in The Marcus Co. (NYSE:MCS)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of The Marcus Co. (NYSE:MCS) by 22.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 102,030 shares of the company’s stock after purchasing an additional 18,929 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Marcus were worth $2,194,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MCS. Walleye Trading LLC lifted its stake in shares of Marcus by 14.5% in the third quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock worth $512,000 after buying an additional 4,300 shares in the last quarter. SG Americas Securities LLC raised its holdings in Marcus by 54.9% in the 4th quarter. SG Americas Securities LLC now owns 19,944 shares of the company’s stock worth $429,000 after acquiring an additional 7,067 shares during the last quarter. Geode Capital Management LLC raised its holdings in Marcus by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,687 shares of the company’s stock worth $8,467,000 after acquiring an additional 7,320 shares during the last quarter. Empowered Funds LLC lifted its position in Marcus by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 160,976 shares of the company’s stock valued at $2,426,000 after acquiring an additional 8,174 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in Marcus during the 4th quarter valued at $220,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Wall Street Analysts Forecast Growth

MCS has been the subject of several recent analyst reports. StockNews.com cut Marcus from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Barrington Research reissued an “outperform” rating and issued a $27.00 target price on shares of Marcus in a research report on Thursday, February 27th. Finally, Benchmark restated a “buy” rating and set a $25.00 target price on shares of Marcus in a research note on Thursday, January 30th.

Marcus Price Performance

Shares of MCS opened at $16.24 on Wednesday. The firm has a fifty day simple moving average of $19.66 and a two-hundred day simple moving average of $19.07. The firm has a market cap of $515.67 million, a PE ratio of -47.77, a P/E/G ratio of 3.12 and a beta of 1.57. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The Marcus Co. has a 1-year low of $9.56 and a 1-year high of $23.16.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, February 25th. Marcus’s dividend payout ratio is -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.