The Marcus Co. (NYSE:MCS) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. lessened its stake in The Marcus Co. (NYSE:MCS) by 38.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,018,633 shares of the company’s stock after selling 640,457 shares during the period. Marcus accounts for about 2.5% of KLCM Advisors Inc.’s holdings, making the stock its 6th biggest position. KLCM Advisors Inc. owned approximately 3.24% of Marcus worth $21,901,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Marcus during the 3rd quarter worth $194,000. CWM LLC increased its stake in shares of Marcus by 98.8% during the third quarter. CWM LLC now owns 5,709 shares of the company’s stock worth $86,000 after acquiring an additional 2,837 shares during the period. Creative Planning purchased a new position in Marcus during the third quarter worth about $159,000. nVerses Capital LLC acquired a new stake in Marcus in the third quarter valued at about $32,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Marcus in the third quarter valued at about $432,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCS. StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Marcus in a report on Wednesday, November 13th. Finally, Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Marcus in a report on Thursday, January 30th.

Marcus Price Performance

MCS stock opened at $22.04 on Monday. The firm has a 50 day moving average of $20.97 and a 200-day moving average of $18.30. 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 12-month low of $9.56 and a 12-month high of $23.16.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.28 annualized dividend and a yield of 1.27%. Marcus’s dividend payout ratio is presently -82.35%.

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.