National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $7.34 per share, for a total transaction of $367,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

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

NASDAQ NCMI traded down $0.17 during trading on Tuesday, hitting $7.04. 741,982 shares of the company’s stock traded hands, compared to its average volume of 646,700. The company has a market cap of $592.19 million, a PE ratio of 17.60 and a beta of 0.83. National CineMedia, Inc. has a 12-month low of $5.09 and a 12-month high of $10.94.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, November 5th. The business services provider reported $0.14 EPS for the quarter, beating 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 net margin of 1.82% and a negative return on equity of 50.31%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, equities research analysts expect that National CineMedia, Inc. will post 0.38 EPS for the current fiscal year.

The firm also recently disclosed 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 annualized dividend and a yield of 9.66%. The ex-dividend date is Wednesday, November 14th. National CineMedia’s dividend payout ratio (DPR) is presently 170.00%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of National CineMedia from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. BidaskClub downgraded shares of National CineMedia from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. ValuEngine downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. B. Riley boosted their price target on shares of National CineMedia from $10.50 to $11.50 and gave the stock a “buy” rating in a report on Monday, September 24th. Finally, MKM Partners boosted their price target on shares of National CineMedia to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.38.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its holdings in National CineMedia by 431.8% during the second quarter. Meeder Asset Management Inc. now owns 11,881 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 9,647 shares during the last quarter. CAPROCK Group Inc. purchased a new stake in National CineMedia during the third quarter valued at about $148,000. Dynamic Technology Lab Private Ltd purchased a new stake in National CineMedia during the second quarter valued at about $138,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in National CineMedia during the third quarter valued at about $176,000. Finally, Virtu Financial LLC purchased a new stake in National CineMedia during the third quarter valued at about $187,000. 84.10% of the stock is currently owned by institutional investors and hedge funds.

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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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