Renaissance Technologies LLC Buys 193,400 Shares of The Marcus Co. (NYSE:MCS)

Renaissance Technologies LLC grew its holdings in shares of The Marcus Co. (NYSE:MCS - Free Report) by 303.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,089 shares of the company's stock after purchasing an additional 193,400 shares during the quarter. Renaissance Technologies LLC owned about 0.82% of Marcus worth $5,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new stake in shares of Marcus during the 4th quarter valued at approximately $680,000. Prudential Financial Inc. raised its holdings in Marcus by 1,102.0% during the 4th quarter. Prudential Financial Inc. now owns 142,220 shares of the company's stock valued at $3,058,000 after acquiring an additional 130,388 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Marcus by 22.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,030 shares of the company's stock worth $2,194,000 after acquiring an additional 18,929 shares in the last quarter. Barclays PLC boosted its holdings in shares of Marcus by 135.3% in the third quarter. Barclays PLC now owns 392,388 shares of the company's stock worth $5,913,000 after acquiring an additional 225,644 shares during the period. Finally, Range Financial Group LLC purchased a new position in shares of Marcus in the fourth quarter valued at $882,000. Institutional investors own 81.57% of the company's stock.

Analyst Ratings Changes

MCS has been the topic of a number of recent research reports. StockNews.com cut Marcus from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Benchmark reissued a "buy" rating and issued a $25.00 price target on shares of Marcus in a report on Friday, April 11th. Finally, Barrington Research reduced their price objective on shares of Marcus from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th.

Marcus Price Performance

Marcus stock traded down $0.02 during midday trading on Friday, hitting $16.43. 22,206 shares of the company's stock were exchanged, compared to its average volume of 426,108. The company has a market cap of $521.57 million, a P/E ratio of -48.25, a PEG ratio of 3.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a 50-day moving average price of $17.21 and a two-hundred day moving average price of $19.30. The Marcus Co. has a 52-week low of $9.56 and a 52-week high of $23.16.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, February 25th. Marcus's dividend payout ratio (DPR) is -107.69%.

Marcus 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.