National CineMedia, Inc. (NCMI) Major Shareholder Purchases $104,100.00 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard purchased 15,000 shares of National CineMedia stock in a transaction dated Friday, December 22nd. The shares were acquired at an average cost of $6.94 per share, for a total transaction of $104,100.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 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):

  • On Monday, December 18th, General L.P. Standard purchased 210,320 shares of National CineMedia stock. The shares were acquired at an average cost of $6.97 per share, for a total transaction of $1,465,930.40.
  • On Monday, December 11th, General L.P. Standard purchased 144,297 shares of National CineMedia stock. The shares were acquired at an average cost of $6.76 per share, for a total transaction of $975,447.72.
  • On Wednesday, December 13th, General L.P. Standard bought 213,161 shares of National CineMedia stock. The stock was purchased at an average cost of $6.80 per share, for a total transaction of $1,449,494.80.
  • On Friday, December 8th, General L.P. Standard bought 18,500 shares of National CineMedia stock. The stock was purchased at an average cost of $6.54 per share, for a total transaction of $120,990.00.
  • On Monday, December 4th, General L.P. Standard bought 60,000 shares of National CineMedia stock. The stock was purchased at an average cost of $6.64 per share, for a total transaction of $398,400.00.
  • On Wednesday, December 6th, General L.P. Standard bought 149,662 shares of National CineMedia stock. The stock was purchased at an average cost of $6.61 per share, for a total transaction of $989,265.82.

Shares of National CineMedia, Inc. (NCMI) opened at $6.54 on Friday. 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 firm has a market cap of $498.48, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.98 and a beta of 0.62. National CineMedia, Inc. has a 1-year low of $5.12 and a 1-year high of $15.25.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacad Investment Ltd. grew its position in shares of National CineMedia by 690.2% during the second quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock worth $106,000 after acquiring an additional 12,423 shares during the last quarter. Nine Chapters Capital Management LLC purchased a new position in shares of National CineMedia during the third quarter worth approximately $136,000. DRW Securities LLC purchased a new position in shares of National CineMedia during the second quarter worth approximately $142,000. Stifel Financial Corp grew its position in shares of National CineMedia by 30.5% during the second quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock worth $142,000 after acquiring an additional 4,468 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of National CineMedia during the third quarter worth approximately $175,000. Institutional investors and hedge funds own 86.37% of the company’s stock.

Several brokerages recently weighed in on NCMI. BidaskClub cut shares of National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday. Credit Suisse Group cut their price objective on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. B. Riley cut shares of National CineMedia from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $8.75 in a report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. cut shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average 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.

Insider Buying and Selling by Quarter for National CineMedia (NASDAQ:NCMI)

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