Wells Fargo & Company MN Reduces Stock Position in The Marcus Co. (NYSE:MCS)

Wells Fargo & Company MN lowered its position in The Marcus Co. (NYSE:MCS - Free Report) by 72.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,353 shares of the company's stock after selling 55,086 shares during the quarter. Wells Fargo & Company MN owned 0.07% of Marcus worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MCS. Integrated Quantitative Investments LLC bought a new position in Marcus during the 4th quarter worth approximately $292,000. Trexquant Investment LP acquired a new position in Marcus in the fourth quarter valued at $448,000. National Bank of Canada FI boosted its position in Marcus by 407,500.0% during the fourth quarter. National Bank of Canada FI now owns 4,076 shares of the company's stock valued at $88,000 after acquiring an additional 4,075 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Marcus during the fourth quarter valued at $130,000. Finally, Clearbridge Investments LLC bought a new position in shares of Marcus in the 4th quarter worth about $903,000. Institutional investors own 81.57% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and set a $25.00 target price on shares of Marcus in a research note on Friday, April 11th. Barrington Research reiterated an "outperform" rating and set a $25.00 target price on shares of Marcus in a research report on Tuesday. Finally, StockNews.com cut shares of Marcus from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th.

Marcus Stock Up 4.0 %

Shares of NYSE MCS traded up $0.65 during midday trading on Wednesday, hitting $16.83. 249,090 shares of the stock traded hands, compared to its average volume of 415,305. 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 business has a 50 day moving average price of $16.50 and a two-hundred day moving average price of $19.36. The Marcus Co. has a one year low of $9.56 and a one year high of $23.16. The company has a market cap of $534.34 million, a PE ratio of -49.50, a P/E/G ratio of 3.12 and a beta of 1.22.

Marcus (NYSE:MCS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.02). The business had revenue of $148.77 million during 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%. On average, equities analysts predict that The Marcus Co. will post 0.36 EPS for the current year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, May 27th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.66%. Marcus's dividend payout ratio (DPR) is currently -107.69%.

Marcus Company 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.