Meeder Asset Management Inc. Invests $130,000 in The Marcus Co. (NYSE:MCS)

Meeder Asset Management Inc. bought a new stake in shares of The Marcus Co. (NYSE:MCS) during the 4th quarter, HoldingsChannel.com reports. The fund bought 6,033 shares of the company’s stock, valued at approximately $130,000.

Other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in Marcus by 69.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 599,118 shares of the company’s stock worth $12,881,000 after acquiring an additional 246,375 shares during the last quarter. Barclays PLC lifted its position in shares of Marcus by 135.3% during the third 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. Peapod Lane Capital LLC purchased a new position in Marcus during the fourth quarter worth about $3,258,000. American Century Companies Inc. grew its position in Marcus by 23.4% in the 4th quarter. American Century Companies Inc. now owns 736,619 shares of the company’s stock worth $15,837,000 after purchasing an additional 139,577 shares in the last quarter. Finally, Prudential Financial Inc. increased 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 valued at $3,058,000 after buying an additional 130,388 shares during the last quarter. Institutional investors own 81.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MCS. Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Marcus in a report on Thursday, January 30th. StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Marcus in a research note on Thursday, February 27th.

Marcus Price Performance

Shares of NYSE MCS opened at $16.71 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $19.17 and a two-hundred day simple moving average of $19.26. The Marcus Co. has a 1-year low of $9.56 and a 1-year high of $23.16. The firm has a market cap of $530.62 million, a price-to-earnings ratio of -49.16, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57.

Marcus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 25th. Marcus’s dividend payout ratio (DPR) is currently -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.