Alliancebernstein L.P. reduced its stake in National CineMedia (NASDAQ:NCMI) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,773 shares of the business services provider’s stock after selling 8,200 shares during the period. Alliancebernstein L.P. owned 0.10% of National CineMedia worth $513,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of NCMI. Engineers Gate Manager LP acquired a new stake in shares of National CineMedia in the 4th quarter worth approximately $119,000. Teacher Retirement System of Texas acquired a new stake in shares of National CineMedia in the 4th quarter worth approximately $149,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of National CineMedia in the 4th quarter worth approximately $165,000. Fox Run Management L.L.C. acquired a new stake in shares of National CineMedia in the 4th quarter worth approximately $214,000. Finally, Gamco Investors INC. ET AL lifted its stake in shares of National CineMedia by 32.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 33,000 shares of the business services provider’s stock worth $226,000 after acquiring an additional 8,000 shares during the period. 86.41% of the stock is owned by institutional investors.
In other National CineMedia news, major shareholder General L.P. Standard bought 249,400 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The stock was acquired at an average cost of $5.51 per share, with a total value of $1,374,194.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have purchased 1,387,513 shares of company stock valued at $7,889,192. Company insiders own 5.40% of the company’s stock.
NCMI stock opened at $5.78 on Tuesday. National CineMedia has a 12 month low of $5.09 and a 12 month high of $12.70. The company has a market cap of $438.41, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 1.73 and a beta of 0.55. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of -769.42.
National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, March 12th. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. National CineMedia had a net margin of 0.12% and a negative return on equity of 55.42%. The business had revenue of $140.70 million during the quarter, compared to analyst estimates of $144.48 million. During the same period in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was down 1.3% on a year-over-year basis. equities analysts predict that National CineMedia will post 0.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 22nd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 11.76%. The ex-dividend date of this dividend was Wednesday, March 21st. National CineMedia’s dividend payout ratio is presently 170.00%.
A number of brokerages have recently weighed in on NCMI. BidaskClub lowered shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target (down from $12.00) on shares of National CineMedia in a research note on Tuesday, March 13th. Finally, Barrington Research reaffirmed a “hold” rating on shares of National CineMedia in a research note on Monday, March 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.92.
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National CineMedia Company Profile
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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