National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard acquired 144,297 shares of National CineMedia stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average cost of $6.76 per share, with a total value of $975,447.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

General L.P. Standard also recently made the following trade(s):

  • On Wednesday, December 13th, General L.P. Standard acquired 213,161 shares of National CineMedia stock. The shares were purchased at an average cost of $6.80 per share, with a total value of $1,449,494.80.
  • On Friday, December 8th, General L.P. Standard acquired 18,500 shares of National CineMedia stock. The shares were purchased at an average cost of $6.54 per share, with a total value of $120,990.00.
  • On Monday, December 4th, General L.P. Standard acquired 60,000 shares of National CineMedia stock. The shares were purchased at an average cost of $6.64 per share, with a total value of $398,400.00.
  • On Wednesday, December 6th, General L.P. Standard purchased 149,662 shares of National CineMedia stock. The stock was bought at an average cost of $6.61 per share, with a total value of $989,265.82.

Shares of National CineMedia, Inc. (NASDAQ:NCMI) opened at $7.00 on Friday. National CineMedia, Inc. has a 12-month low of $5.12 and a 12-month high of $15.76. The firm has a market capitalization of $543.23, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The company has a debt-to-equity ratio of -14.71, a current ratio of 1.76 and a quick ratio of 1.76.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The business had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $108.21 million. During the same quarter in the previous year, the firm earned $0.13 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. sell-side analysts expect that National CineMedia, Inc. will post 0.29 EPS for the current fiscal year.

The firm also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.88 annualized dividend and a dividend yield of 12.57%. National CineMedia’s dividend payout ratio is presently 266.67%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its position in shares of National CineMedia by 29.7% during the 3rd quarter. California Public Employees Retirement System now owns 265,872 shares of the business services provider’s stock worth $1,856,000 after purchasing an additional 60,872 shares during the last quarter. Oaktree Capital Management LP acquired a new position in shares of National CineMedia during the 3rd quarter worth about $25,301,000. Western Standard LLC lifted its position in shares of National CineMedia by 375.6% during the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock worth $6,138,000 after purchasing an additional 694,446 shares during the last quarter. NWQ Investment Management Company LLC increased its stake in National CineMedia by 18.0% during the third quarter. NWQ Investment Management Company LLC now owns 535,485 shares of the business services provider’s stock valued at $3,738,000 after acquiring an additional 81,605 shares during the period. Finally, Vivaldi Asset Management LLC increased its stake in National CineMedia by 244.1% during the third quarter. Vivaldi Asset Management LLC now owns 667,110 shares of the business services provider’s stock valued at $4,656,000 after acquiring an additional 473,232 shares during the period. 86.40% of the stock is owned by institutional investors and hedge funds.

NCMI has been the subject of a number of analyst reports. B. Riley set a $9.00 price target on National CineMedia and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research cut National CineMedia from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. 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 research report on Wednesday, November 8th. ValuEngine raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Credit Suisse Group reduced their price target on National CineMedia from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.90.

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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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