National CineMedia, Inc. (NCMI) Position Held by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY maintained its stake in National CineMedia, Inc. (NASDAQ:NCMI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,245 shares of the business services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in National CineMedia were worth $571,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Stevens Capital Management LP purchased a new stake in National CineMedia during the first quarter valued at approximately $138,000. Capital Fund Management S.A. purchased a new stake in National CineMedia during the first quarter valued at approximately $147,000. Oppenheimer Asset Management Inc. purchased a new stake in National CineMedia during the first quarter valued at approximately $161,000. Stifel Financial Corp purchased a new stake in National CineMedia during the first quarter valued at approximately $186,000. Finally, LaSalle Street Capital Management LLC purchased a new stake in National CineMedia during the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 91.17% of the company’s stock.
National CineMedia, Inc. (NASDAQ:NCMI) traded down 2.64% on Thursday, reaching $5.90. 540,198 shares of the company traded hands. The stock’s 50-day moving average is $7.21 and its 200-day moving average is $10.24. The stock has a market capitalization of $357.51 million, a price-to-earnings ratio of 18.44 and a beta of 0.64. National CineMedia, Inc. has a 1-year low of $5.80 and a 1-year high of $16.05.
National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. National CineMedia had a net margin of 4.56% and a negative return on equity of 14.47%. The business had revenue of $97.10 million for the quarter, compared to analysts’ expectations of $104.30 million. During the same period in the prior year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. Equities research analysts expect that National CineMedia, Inc. will post $0.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Saturday, August 12th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.88 dividend on an annualized basis and a yield of 14.52%. National CineMedia’s dividend payout ratio is currently 283.87%.
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NCMI has been the subject of several analyst reports. B. Riley reiterated a “buy” rating and issued a $14.00 price objective on shares of National CineMedia in a research note on Wednesday, August 2nd. Barrington Research lowered shares of National CineMedia from an “outperform” rating to a “market perform” rating in a research note on Monday, May 15th. FBR & Co lowered shares of National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research note on Friday, May 5th. Finally, J P Morgan Chase & Co lowered shares of National CineMedia from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $12.00 in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. National CineMedia presently has an average rating of “Hold” and an average price target of $12.51.
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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