Jane Street Group LLC Sells 37,362 Shares of The Marcus Co. (NYSE:MCS)

Jane Street Group LLC reduced its position in shares of The Marcus Co. (NYSE:MCS - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,492 shares of the company's stock after selling 37,362 shares during the period. Jane Street Group LLC owned approximately 0.32% of Marcus worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in Marcus by 303.7% during the 4th quarter. Renaissance Technologies LLC now owns 257,089 shares of the company's stock worth $5,527,000 after purchasing an additional 193,400 shares during the last quarter. Prudential Financial Inc. lifted 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 worth $3,058,000 after purchasing an additional 130,388 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Marcus during the 4th quarter worth approximately $680,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 worth $2,194,000 after purchasing an additional 18,929 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Marcus by 135.3% during the 3rd quarter. Barclays PLC now owns 392,388 shares of the company's stock worth $5,913,000 after purchasing an additional 225,644 shares during the last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Price Performance

Marcus stock traded up $0.31 during mid-day trading on Thursday, reaching $16.91. 157,678 shares of the company were exchanged, compared to its average volume of 387,038. The company has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $19.30. The Marcus Co. has a 12 month low of $9.56 and a 12 month high of $23.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $529.25 million, a PE ratio of -49.74, a PEG ratio of 3.12 and a beta of 1.22.

Marcus (NYSE:MCS - Get Free Report) last issued 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 negative net margin of 1.44% and a positive return on equity of 1.39%. The business had revenue of $148.77 million during the quarter, compared to the consensus estimate of $145.50 million. As a group, equities research analysts expect that The Marcus Co. will post 0.36 earnings per share for the current fiscal year.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 27th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.66%. Marcus's payout ratio is -66.67%.

Analyst Upgrades and Downgrades

MCS has been the subject of several research reports. Wall Street Zen cut Marcus from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of Marcus in a research note on Tuesday, May 6th. Benchmark restated a "buy" rating and set a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th. Finally, B. Riley assumed coverage on Marcus in a research note on Friday, May 16th. They set a "buy" rating and a $24.00 price objective on the stock.

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.