Marcus (NYSE:MCS) Sets New 1-Year Low - Here's What Happened

The Marcus Co. (NYSE:MCS - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $15.96 and last traded at $16.31, with a volume of 144564 shares. The stock had previously closed at $16.55.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barrington Research reiterated an "outperform" rating and issued a $25.00 price objective on shares of Marcus in a research report on Tuesday. StockNews.com cut shares of Marcus from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, Benchmark restated a "buy" rating and issued a $25.00 price objective on shares of Marcus in a report on Friday, April 11th.

Marcus Trading Down 3.4 %

The company has a market cap of $502.90 million, a PE ratio of -46.58, a PEG ratio of 3.12 and a beta of 1.22. The stock has a 50 day moving average price of $16.54 and a 200 day moving average price of $19.38. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus (NYSE:MCS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.01). 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 EPS for the current fiscal year.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.77%. Marcus's payout ratio is -107.69%.

Institutional Trading of Marcus

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in shares of Marcus by 303.7% in the fourth quarter. Renaissance Technologies LLC now owns 257,089 shares of the company's stock worth $5,527,000 after acquiring an additional 193,400 shares during the last quarter. Prudential Financial Inc. boosted its stake in Marcus by 1,102.0% in the 4th quarter. Prudential Financial Inc. now owns 142,220 shares of the company's stock worth $3,058,000 after purchasing an additional 130,388 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Marcus during the 4th quarter valued at about $680,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Marcus by 22.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,030 shares of the company's stock valued at $2,194,000 after purchasing an additional 18,929 shares during the last quarter. Finally, Barclays PLC increased its stake in Marcus by 135.3% during the 3rd quarter. Barclays PLC now owns 392,388 shares of the company's stock valued at $5,913,000 after purchasing an additional 225,644 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company's stock.

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.