Aperio Group LLC lessened its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 26.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,158 shares of the business services provider’s stock after selling 30,068 shares during the period. Aperio Group LLC’s holdings in National CineMedia were worth $442,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of NCMI. Gamco Investors INC. ET AL lifted its position in shares of National CineMedia by 32.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 33,000 shares of the business services provider’s stock worth $226,000 after purchasing an additional 8,000 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of National CineMedia by 16.8% during the 4th quarter. Schroder Investment Management Group now owns 96,033 shares of the business services provider’s stock worth $659,000 after purchasing an additional 13,807 shares during the last quarter. HPM Partners LLC purchased a new stake in shares of National CineMedia during the 4th quarter worth $110,000. MetLife Investment Advisors LLC purchased a new stake in shares of National CineMedia during the 4th quarter worth $113,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of National CineMedia during the 4th quarter worth $119,000. 81.91% of the stock is owned by institutional investors.
Shares of NASDAQ:NCMI opened at $7.70 on Wednesday. National CineMedia, Inc. has a 12 month low of $5.09 and a 12 month high of $7.95. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of -11.19. The firm has a market cap of $575.15 million, a P/E ratio of 19.25 and a beta of 0.61.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Monday, May 7th. The business services provider reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. National CineMedia had a net margin of 0.83% and a negative return on equity of 53.20%. The firm had revenue of $80.20 million for the quarter, compared to analyst estimates of $75.18 million. During the same period last year, the business earned ($0.02) EPS. National CineMedia’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities analysts expect that National CineMedia, Inc. will post 0.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 18th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $0.68 annualized dividend and a yield of 8.83%. National CineMedia’s dividend payout ratio is currently 170.00%.
Several equities research analysts have recently issued reports on NCMI shares. BidaskClub raised shares of National CineMedia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 24th. ValuEngine cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. B. Riley raised shares of National CineMedia from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Monday, March 19th. Barrington Research reaffirmed a “hold” rating on shares of National CineMedia in a research report on Monday, March 19th. Finally, Benchmark reaffirmed a “buy” rating and set a $10.00 price objective (down from $12.00) on shares of National CineMedia in a research report on Tuesday, March 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. National CineMedia has a consensus rating of “Hold” and a consensus target price of $7.29.
In related news, major shareholder Amc Starplex, Llc sold 1,000,000 shares of National CineMedia stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $7.23, for a total transaction of $7,230,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder General L.P. Standard acquired 249,400 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was acquired at an average price of $5.51 per share, for a total transaction of $1,374,194.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,685,113 shares of company stock worth $10,067,624 over the last quarter. 5.40% of the stock is owned by company insiders.
About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.
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