National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard bought 149,662 shares of National CineMedia stock in a transaction on Wednesday, December 6th. The shares were acquired at an average price of $6.61 per share, for a total transaction of $989,265.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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 Monday, December 4th, General L.P. Standard bought 60,000 shares of National CineMedia stock. The shares were acquired at an average price of $6.64 per share, for a total transaction of $398,400.00.
National CineMedia, Inc. (NCMI) traded down $0.06 during mid-day trading on Wednesday, reaching $6.55. The company’s stock had a trading volume of 584,900 shares, compared to its average volume of 694,371. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71. The company has a market capitalization of $518.90, a price-to-earnings ratio of 21.32, a PEG ratio of 2.53 and a beta of 0.62. National CineMedia, Inc. has a 52-week low of $5.12 and a 52-week high of $15.80.
National CineMedia (NASDAQ:NCMI) last posted its earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $116.40 million for the quarter, compared to analyst estimates of $108.21 million. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. sell-side analysts expect that National CineMedia, Inc. will post 0.29 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 13.44%. The ex-dividend date of this dividend was Wednesday, November 15th. National CineMedia’s dividend payout ratio is 266.67%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of National CineMedia by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,199,463 shares of the business services provider’s stock valued at $38,580,000 after purchasing an additional 292,797 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of National CineMedia in the 2nd quarter valued at about $27,242,000. Oaktree Capital Management LP acquired a new stake in shares of National CineMedia in the 3rd quarter valued at about $25,301,000. Thompson Siegel & Walmsley LLC raised its stake in shares of National CineMedia by 12.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,054,599 shares of the business services provider’s stock valued at $21,321,000 after purchasing an additional 346,952 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of National CineMedia by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,323,816 shares of the business services provider’s stock valued at $17,243,000 after purchasing an additional 194,401 shares during the period. 86.40% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on NCMI. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of National CineMedia in a report on Saturday, August 12th. ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. J P Morgan Chase & Co lowered National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Wednesday, November 8th. Finally, Credit Suisse Group reduced their target price on National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. National CineMedia has an average 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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