National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were purchased at an average cost of $7.34 per share, with a total value of $367,000.00. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

General L.P. Standard also recently made the following trade(s):

  • On Friday, November 9th, General L.P. Standard bought 459,738 shares of National CineMedia stock. The shares were purchased at an average cost of $7.49 per share, with a total value of $3,443,437.62.

NASDAQ:NCMI traded down $0.06 during trading hours on Friday, reaching $6.83. The company had a trading volume of 372,337 shares, compared to its average volume of 485,531. National CineMedia, Inc. has a 1-year low of $5.09 and a 1-year high of $10.94. The company has a market capitalization of $544.03 million, a PE ratio of 17.08 and a beta of 0.76.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Monday, November 5th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. National CineMedia had a negative return on equity of 50.31% and a net margin of 1.82%. The company had revenue of $110.10 million during the quarter, compared to the consensus estimate of $117.48 million. During the same period in the previous year, the company posted $0.21 earnings per share. National CineMedia’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities research analysts anticipate that National CineMedia, Inc. will post 0.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.96%. The ex-dividend date was 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. Zacks Investment Research downgraded National CineMedia from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. BidaskClub downgraded National CineMedia from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. ValuEngine downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Finally, B. Riley boosted their price target on National CineMedia from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, September 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.38.

Several institutional investors have recently bought and sold shares of NCMI. Northern Trust Corp increased its position in shares of National CineMedia by 1.2% in the first quarter. Northern Trust Corp now owns 717,118 shares of the business services provider’s stock valued at $3,721,000 after buying an additional 8,636 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of National CineMedia by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,269,666 shares of the business services provider’s stock valued at $11,780,000 after buying an additional 222,357 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of National CineMedia by 51.2% in the second quarter. Fox Run Management L.L.C. now owns 29,130 shares of the business services provider’s stock valued at $245,000 after buying an additional 9,858 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of National CineMedia by 202.2% in the second quarter. Nisa Investment Advisors LLC now owns 56,490 shares of the business services provider’s stock valued at $475,000 after buying an additional 37,800 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of National CineMedia by 670.9% in the second quarter. Acadian Asset Management LLC now owns 435,817 shares of the business services provider’s stock valued at $3,660,000 after buying an additional 379,280 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

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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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