First Eagle Investment Management LLC Sells 213,111 Shares of National CineMedia, Inc. $NCMI

First Eagle Investment Management LLC cut its position in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 11.5% in the second quarter, Holdings Channel.com reports. The firm owned 1,644,447 shares of the business services provider’s stock after selling 213,111 shares during the quarter. First Eagle Investment Management LLC’s holdings in National CineMedia were worth $7,967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in National CineMedia by 21.1% in the 1st quarter. Wellington Management Group LLP now owns 3,538,933 shares of the business services provider’s stock valued at $20,667,000 after acquiring an additional 615,417 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of National CineMedia by 5.6% during the first quarter. Vanguard Group Inc. now owns 4,358,287 shares of the business services provider’s stock valued at $25,452,000 after purchasing an additional 232,702 shares in the last quarter. Trexquant Investment LP increased its holdings in National CineMedia by 156.3% during the first quarter. Trexquant Investment LP now owns 381,362 shares of the business services provider’s stock valued at $2,227,000 after buying an additional 232,550 shares during the period. AQR Capital Management LLC increased its holdings in National CineMedia by 59.8% during the first quarter. AQR Capital Management LLC now owns 488,025 shares of the business services provider’s stock valued at $2,850,000 after buying an additional 182,548 shares during the period. Finally, Nuveen LLC bought a new position in National CineMedia in the first quarter worth approximately $797,000. 69.49% of the stock is owned by hedge funds and other institutional investors.

National CineMedia Stock Performance

Shares of NCMI opened at $3.92 on Friday. The stock has a 50-day moving average of $4.44 and a two-hundred day moving average of $4.80. The stock has a market cap of $367.82 million, a P/E ratio of -18.67 and a beta of 1.83. National CineMedia, Inc. has a one year low of $3.91 and a one year high of $7.60.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Thursday, October 30th. The business services provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.05. National CineMedia had a negative net margin of 8.62% and a negative return on equity of 3.51%. The company had revenue of $63.40 million for the quarter, compared to the consensus estimate of $64.23 million. National CineMedia has set its Q4 2025 guidance at EPS. Analysts predict that National CineMedia, Inc. will post -0.12 EPS for the current fiscal year.

National CineMedia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th will be paid a $0.03 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.1%. National CineMedia’s dividend payout ratio is presently -80.00%.

Insider Activity

In other National CineMedia news, EVP Maria Vg Woods sold 9,039 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $4.44, for a total value of $40,133.16. Following the sale, the executive vice president directly owned 118,998 shares of the company’s stock, valued at approximately $528,351.12. This represents a 7.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NCMI has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of National CineMedia in a research report on Wednesday, October 8th. Barrington Research cut their target price on National CineMedia from $7.00 to $6.50 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Zacks Research downgraded shares of National CineMedia from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Finally, Wedbush reissued an “outperform” rating and set a $6.00 price target (down from $7.00) on shares of National CineMedia in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, National CineMedia presently has an average rating of “Hold” and a consensus price target of $6.60.

National CineMedia Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.