National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard acquired 888,513 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was purchased at an average cost of $5.72 per share, with a total value of $5,082,294.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

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  • On Friday, March 16th, General L.P. Standard acquired 249,600 shares of National CineMedia stock. The stock was purchased at an average cost of $5.74 per share, with a total value of $1,432,704.00.
  • On Friday, December 22nd, General L.P. Standard acquired 15,000 shares of National CineMedia stock. The stock was purchased at an average cost of $6.94 per share, with a total value of $104,100.00.

National CineMedia, Inc. (NCMI) opened at $5.46 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.94 and a debt-to-equity ratio of -769.42. National CineMedia, Inc. has a 52 week low of $5.12 and a 52 week high of $12.74. The company has a market capitalization of $451.07, a P/E ratio of 273.00, a price-to-earnings-growth ratio of 1.79 and a beta of 0.36.

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

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

Several analysts recently weighed in on the company. Barrington Research reissued a “hold” rating on shares of National CineMedia in a report on Monday. B. Riley raised National CineMedia from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Monday. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, March 16th. ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. Finally, BidaskClub downgraded National CineMedia from a “buy” rating to a “hold” rating in a research note on Thursday, March 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. National CineMedia currently has an average rating of “Hold” and an average target price of $7.92.

Hedge funds have recently modified their holdings of the business. HPM Partners LLC acquired a new position in National CineMedia in the fourth quarter valued at approximately $110,000. MetLife Investment Advisors LLC acquired a new position in shares of National CineMedia during the fourth quarter worth approximately $113,000. Engineers Gate Manager LP acquired a new position in shares of National CineMedia during the fourth quarter worth approximately $119,000. Teacher Retirement System of Texas acquired a new position in shares of National CineMedia during the fourth quarter worth approximately $149,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of National CineMedia during the fourth quarter worth approximately $165,000. Institutional investors own 87.11% of the company’s stock.

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About National CineMedia

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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