CAPROCK Group Inc. acquired a new position in shares of National CineMedia, Inc. (NASDAQ:NCMI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,015 shares of the business services provider’s stock, valued at approximately $148,000.
Several other hedge funds and other institutional investors have also bought and sold shares of NCMI. BlackRock Inc. grew its stake in shares of National CineMedia by 21.4% in the 2nd quarter. BlackRock Inc. now owns 5,297,552 shares of the business services provider’s stock valued at $44,498,000 after purchasing an additional 934,901 shares during the period. Acadian Asset Management LLC grew its position in National CineMedia by 670.9% during the 2nd quarter. Acadian Asset Management LLC now owns 435,817 shares of the business services provider’s stock worth $3,660,000 after acquiring an additional 379,280 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in National CineMedia during the 2nd quarter worth approximately $2,890,000. Columbia Partners L L C Investment Management grew its position in National CineMedia by 168.9% during the 2nd quarter. Columbia Partners L L C Investment Management now owns 423,799 shares of the business services provider’s stock worth $3,559,000 after acquiring an additional 266,214 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in National CineMedia by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,269,666 shares of the business services provider’s stock worth $11,780,000 after acquiring an additional 222,357 shares during the last quarter. 84.12% of the stock is owned by institutional investors and hedge funds.
In other news, President Clifford E. Marks sold 30,237 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $10.00, for a total value of $302,370.00. Following the completion of the transaction, the president now owns 526,868 shares in the company, valued at approximately $5,268,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder General L.P. Standard acquired 182,439 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was bought at an average price of $8.59 per share, with a total value of $1,567,151.01. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.
National CineMedia stock traded down $0.18 during mid-day trading on Friday, hitting $7.50. 737,590 shares of the company’s stock were exchanged, compared to its average volume of 536,891. The company has a market capitalization of $577.19 million, a PE ratio of 18.75 and a beta of 0.83. National CineMedia, Inc. has a fifty-two week low of $5.09 and a fifty-two week high of $10.94.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, November 5th. The business services provider reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $110.10 million for the quarter, compared to the consensus estimate of $117.48 million. National CineMedia had a negative return on equity of 50.31% and a net margin of 1.82%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Equities research analysts predict that National CineMedia, Inc. will post 0.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date is Wednesday, November 14th. National CineMedia’s dividend payout ratio (DPR) is presently 170.00%.
A number of equities research analysts recently commented on NCMI shares. BidaskClub lowered National CineMedia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 17th. Zacks Investment Research upgraded National CineMedia from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, October 10th. B. Riley increased their price objective on National CineMedia from $10.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, September 24th. ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, MKM Partners increased their price target on National CineMedia to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $10.38.
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National CineMedia Profile
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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