Thompson Siegel & Walmsley LLC lifted its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 12.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,054,599 shares of the business services provider’s stock after acquiring an additional 346,952 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 4.85% of National CineMedia worth $21,321,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of NCMI. Pacad Investment Ltd. boosted its stake in National CineMedia by 690.2% in the 2nd quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 12,423 shares during the period. Fox Run Management L.L.C. bought a new stake in National CineMedia in the 2nd quarter valued at $137,000. Stifel Financial Corp lifted its position in shares of National CineMedia by 30.5% during the 2nd quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 4,468 shares during the period. DRW Securities LLC bought a new stake in shares of National CineMedia during the 2nd quarter valued at $142,000. Finally, Nine Chapters Capital Management LLC bought a new stake in shares of National CineMedia during the 3rd quarter valued at $136,000. Institutional investors own 86.40% of the company’s stock.
A number of research firms have recently weighed in on NCMI. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of National CineMedia in a research report on Saturday, August 12th. ValuEngine raised National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. J P Morgan Chase & Co cut National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Wednesday, November 8th. Finally, Credit Suisse Group lowered their target price on National CineMedia from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. National CineMedia currently has a consensus rating of “Hold” and a consensus price target of $7.90.
In related news, major shareholder General L.P. Standard purchased 60,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was purchased at an average cost of $6.64 per share, with a total value of $398,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Amc Starplex, Llc sold 2,800,000 shares of National CineMedia stock in a transaction on Friday, September 29th. The shares were sold at an average price of $6.49, for a total value of $18,172,000.00. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.
Shares of National CineMedia, Inc. (NASDAQ NCMI) traded up $0.23 during trading hours on Thursday, reaching $6.78. The company’s stock had a trading volume of 736,557 shares, compared to its average volume of 693,555. The company has a market capitalization of $412.10, a price-to-earnings ratio of 21.13, a P/E/G ratio of 2.51 and a beta of 0.62. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71. National CineMedia, Inc. has a 1-year low of $5.12 and a 1-year high of $15.80.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $116.40 million during the quarter, compared to the consensus estimate of $108.21 million. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share. equities research analysts expect that National CineMedia, Inc. will post 0.29 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 12.98%. The ex-dividend date was Wednesday, November 15th. National CineMedia’s payout ratio is 266.67%.
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National CineMedia Company Profile
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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