Schwab Charles Investment Management Inc. boosted its position in National CineMedia (NASDAQ:NCMI) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 707,580 shares of the business services provider’s stock after buying an additional 113,580 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.90% of National CineMedia worth $4,854,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in shares of National CineMedia by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock worth $375,000 after purchasing an additional 2,341 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of National CineMedia by 14.2% in the 2nd quarter. Voya Investment Management LLC now owns 33,589 shares of the business services provider’s stock worth $249,000 after buying an additional 4,171 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of National CineMedia in the 3rd quarter worth about $175,000. State Street Corp boosted its position in shares of National CineMedia by 2.3% in the 2nd quarter. State Street Corp now owns 1,422,084 shares of the business services provider’s stock worth $10,553,000 after buying an additional 32,047 shares in the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of National CineMedia in the 3rd quarter worth about $265,000. Institutional investors own 86.41% of the company’s stock.
Shares of National CineMedia stock traded up $0.02 on Friday, hitting $5.46. 596,172 shares of the company’s stock traded hands, compared to its average volume of 1,146,583. The stock has a market cap of $430.49, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.67 and a beta of 0.55. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of -769.42. National CineMedia has a 52-week low of $5.09 and a 52-week high of $12.70.
National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, March 12th. The business services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $140.70 million for the quarter, compared to analyst estimates of $144.48 million. During the same period last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. equities analysts predict that National CineMedia will post 0.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date was Wednesday, March 21st. National CineMedia’s dividend payout ratio (DPR) is 170.00%.
In other news, major shareholder General L.P. Standard bought 249,600 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average price of $5.74 per share, with a total value of $1,432,704.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 1,387,513 shares of company stock worth $7,889,192 over the last three months. Corporate insiders own 5.40% of the company’s stock.
Several research analysts recently weighed in on NCMI shares. BidaskClub raised shares of National CineMedia from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. B. Riley cut National CineMedia to a “hold” rating and set a $8.75 target price for the company. in a report on Monday, January 29th. ValuEngine cut National CineMedia from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Benchmark reiterated a “buy” rating and set a $10.00 target price (down previously from $12.00) on shares of National CineMedia in a report on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.92.
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About National CineMedia
National CineMedia, Inc is a holding company that engages in the provision of advertising, business meetings, event services and third-party theatre circuits under network affiliate agreements. It owns and operates the digital in-theatre network in North America, which is used to distribute content for its advertising promotions, Fathom Events.
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