California Public Employees Retirement System grew its position in National CineMedia, Inc. (NASDAQ:NCMI) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 321,329 shares of the business services provider’s stock after purchasing an additional 55,457 shares during the quarter. California Public Employees Retirement System’s holdings in National CineMedia were worth $2,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new position in National CineMedia in the fourth quarter worth $119,000. Teacher Retirement System of Texas purchased a new position in National CineMedia in the fourth quarter worth $149,000. Fox Run Management L.L.C. purchased a new position in National CineMedia in the fourth quarter worth $214,000. Gamco Investors INC. ET AL grew its holdings in National CineMedia by 32.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 33,000 shares of the business services provider’s stock worth $226,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Teton Advisors Inc. grew its holdings in National CineMedia by 191.7% in the fourth quarter. Teton Advisors Inc. now owns 35,000 shares of the business services provider’s stock worth $240,000 after purchasing an additional 23,000 shares during the last quarter. 87.11% of the stock is currently owned by institutional investors and hedge funds.

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NCMI has been the topic of several analyst reports. BidaskClub raised shares of National CineMedia from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. B. Riley lowered shares of National CineMedia to a “hold” rating and set a $8.75 price target on the stock. in a report on Monday, January 29th. ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Benchmark reissued a “buy” rating and set a $10.00 price objective (down from $12.00) on shares of National CineMedia in a report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.92.

In related news, major shareholder General L.P. Standard acquired 249,600 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were purchased at an average cost of $5.74 per share, with a total value of $1,432,704.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is owned by insiders.

Shares of National CineMedia, Inc. (NASDAQ:NCMI) opened at $5.46 on Friday. The firm has a market cap of $451.07, a price-to-earnings ratio of 273.00, a PEG ratio of 1.79 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 1.76 and a debt-to-equity ratio of -769.42. National CineMedia, Inc. has a 1-year low of $5.12 and a 1-year high of $12.74.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, March 12th. The business services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $140.70 million for the quarter, compared to analyst estimates of $144.48 million. National CineMedia had a net margin of 0.12% and a negative return on equity of 55.42%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. analysts predict that National CineMedia, Inc. will post 0.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date of this dividend is Wednesday, March 21st. National CineMedia’s dividend payout ratio (DPR) is presently 4,400.00%.

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National CineMedia 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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Institutional Ownership by Quarter for National CineMedia (NASDAQ:NCMI)

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