BNP Paribas Financial Markets Has $790,000 Stake in The Marcus Co. (NYSE:MCS)

BNP Paribas Financial Markets boosted its stake in The Marcus Co. (NYSE:MCS) by 2,057.5% during the third quarter, Holdings Channel reports. The institutional investor owned 52,406 shares of the company’s stock after buying an additional 49,977 shares during the period. BNP Paribas Financial Markets’ holdings in Marcus were worth $790,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MCS. Assenagon Asset Management S.A. acquired a new position in shares of Marcus during the 3rd quarter worth approximately $432,000. CWM LLC boosted its stake in shares of Marcus by 98.8% in the third quarter. CWM LLC now owns 5,709 shares of the company’s stock valued at $86,000 after buying an additional 2,837 shares during the period. Comerica Bank grew its position in Marcus by 138.3% during the first quarter. Comerica Bank now owns 27,523 shares of the company’s stock worth $392,000 after buying an additional 15,972 shares in the last quarter. SG Americas Securities LLC bought a new position in Marcus during the 3rd quarter worth $194,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Marcus by 142.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company’s stock valued at $1,252,000 after acquiring an additional 48,759 shares in the last quarter. 81.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Benchmark raised their target price on shares of Marcus from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $24.00 price target on shares of Marcus in a report on Wednesday, November 13th.

Marcus Price Performance

Shares of MCS stock opened at $22.18 on Thursday. The business has a fifty day simple moving average of $19.61 and a 200 day simple moving average of $15.03. The company has a market cap of $698.27 million, a P/E ratio of -65.24, a P/E/G ratio of 5.06 and a beta of 1.54. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The Marcus Co. has a twelve month low of $9.56 and a twelve month high of $23.16.

Marcus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be issued a $0.07 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.26%. Marcus’s dividend payout ratio (DPR) is currently -82.35%.

Insider Activity

In other news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total value of $178,480.00. Following the completion of the transaction, the vice president now directly owns 186,585 shares in the company, valued at approximately $4,162,711.35. This represents a 4.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is currently owned by corporate insiders.

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.