Hsbc Holdings PLC Sells 34,090 Shares of The Marcus Co. (NYSE:MCS)

Hsbc Holdings PLC cut its position in The Marcus Co. (NYSE:MCS - Free Report) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,970 shares of the company's stock after selling 34,090 shares during the period. Hsbc Holdings PLC owned about 0.23% of Marcus worth $1,581,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI raised its stake in Marcus by 407,500.0% during the 4th quarter. National Bank of Canada FI now owns 4,076 shares of the company's stock worth $88,000 after buying an additional 4,075 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Marcus during the fourth quarter worth about $114,000. Meeder Asset Management Inc. bought a new position in shares of Marcus during the 4th quarter valued at about $130,000. Sterling Capital Management LLC grew its position in shares of Marcus by 8.5% in the 4th quarter. Sterling Capital Management LLC now owns 8,876 shares of the company's stock valued at $191,000 after purchasing an additional 693 shares during the period. Finally, Ieq Capital LLC bought a new stake in Marcus during the 4th quarter worth approximately $220,000. 81.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Marcus in a research note on Tuesday. StockNews.com lowered shares of Marcus from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Benchmark reissued a "buy" rating and issued a $25.00 price target on shares of Marcus in a research note on Friday, April 11th.

Marcus Stock Up 1.3 %

MCS traded up $0.22 during trading hours on Wednesday, hitting $16.40. 24,188 shares of the company's stock were exchanged, compared to its average volume of 414,424. The stock has a market cap of $520.52 million, a price-to-earnings ratio of -48.12, a PEG ratio of 3.12 and a beta of 1.22. The Marcus Co. has a 1-year low of $9.56 and a 1-year high of $23.16. The stock's 50-day moving average is $16.50 and its two-hundred day moving average is $19.36. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38.

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

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Tuesday, February 25th. Marcus's dividend payout ratio (DPR) is -107.69%.

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.