The Marcus Co. (NYSE:MCS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in The Marcus Co. (NYSE:MCS - Free Report) by 46.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,074 shares of the company's stock after selling 24,332 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Marcus worth $604,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ancora Advisors LLC lifted its position in shares of Marcus by 18.1% in the 4th quarter. Ancora Advisors LLC now owns 76,293 shares of the company's stock worth $1,640,000 after buying an additional 11,673 shares during the last quarter. PDT Partners LLC acquired a new stake in Marcus during the fourth quarter worth about $289,000. Schonfeld Strategic Advisors LLC bought a new position in Marcus in the fourth quarter worth about $346,000. AQR Capital Management LLC boosted its stake in Marcus by 2.7% in the fourth quarter. AQR Capital Management LLC now owns 303,022 shares of the company's stock valued at $6,515,000 after acquiring an additional 7,981 shares during the period. Finally, Quarry LP acquired a new position in Marcus in the fourth quarter valued at approximately $70,000. Institutional investors own 81.57% of the company's stock.

Analysts Set New Price Targets

MCS has been the topic of several recent research reports. Wall Street Zen downgraded Marcus from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. B. Riley began coverage on shares of Marcus in a report on Friday, May 16th. They set a "buy" rating and a $24.00 price target for the company. Benchmark restated a "buy" rating and set a $25.00 price target on shares of Marcus in a research report on Friday, April 11th. Finally, Barrington Research reiterated an "outperform" rating and issued a $25.00 price objective on shares of Marcus in a research report on Friday.

Marcus Stock Performance

MCS traded up $1.67 during trading hours on Tuesday, hitting $18.73. The company's stock had a trading volume of 275,448 shares, compared to its average volume of 383,940. The company has a 50-day simple moving average of $16.58 and a 200 day simple moving average of $19.20. 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 firm has a market capitalization of $586.21 million, a PE ratio of -55.09, a PEG ratio of 3.12 and a beta of 1.22. The Marcus Co. has a fifty-two week low of $9.56 and a fifty-two week high of $23.16.

Marcus (NYSE:MCS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.02). Marcus had a positive return on equity of 1.39% and a negative net margin of 1.44%. The business had revenue of $148.77 million during the quarter, compared to the consensus estimate of $145.50 million. As a group, sell-side analysts expect that The Marcus Co. will post 0.36 EPS for the current year.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $0.28 annualized dividend and a yield of 1.49%. Marcus's payout ratio is -66.67%.

About Marcus

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.