The Marcus Co. (NYSE:MCS) Short Interest Down 21.3% in March

The Marcus Co. (NYSE:MCS) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 623,900 shares, a drop of 21.3% from the February 28th total of 793,000 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 213,600 shares, the days-to-cover ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MCS. StockNews.com cut Marcus from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Marcus in a report on Thursday, January 30th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $27.00 price target on shares of Marcus in a report on Thursday, February 27th.

Marcus Trading Down 3.4 %

NYSE MCS opened at $16.56 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $525.76 million, a P/E ratio of -48.71, a P/E/G ratio of 3.12 and a beta of 1.57. Marcus has a 52-week low of $9.56 and a 52-week high of $23.16. The firm has a 50-day moving average price of $19.24 and a 200 day moving average price of $19.24.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Tuesday, February 25th. Marcus’s dividend payout ratio (DPR) is -107.69%.

Institutional Trading of Marcus

Several hedge funds have recently modified their holdings of the business. PharVision Advisers LLC purchased a new position in Marcus in the fourth quarter worth $298,000. Virtus Investment Advisers Inc. purchased a new position in shares of Marcus in the 4th quarter valued at about $226,000. State of Wyoming lifted its stake in shares of Marcus by 145.7% in the fourth quarter. State of Wyoming now owns 19,916 shares of the company’s stock valued at $428,000 after purchasing an additional 11,810 shares during the period. Millennium Management LLC boosted its holdings in Marcus by 28.7% during the fourth quarter. Millennium Management LLC now owns 353,516 shares of the company’s stock worth $7,601,000 after buying an additional 78,932 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Marcus by 2,908.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company’s stock worth $51,000 after buying an additional 2,298 shares during the period. 81.57% of the stock is owned by institutional investors and hedge funds.

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.