Schwab Charles Investment Management Inc. boosted its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 9.5% during the first quarter, Holdings Channel reports. The institutional investor owned 406,809 shares of the business services provider’s stock after buying an additional 35,208 shares during the period. Schwab Charles Investment Management Inc.’s holdings in National CineMedia were worth $5,138,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of National CineMedia during the fourth quarter valued at about $9,204,000. Teachers Advisors LLC raised its stake in shares of National CineMedia by 17.0% in the fourth quarter. Teachers Advisors LLC now owns 115,373 shares of the business services provider’s stock valued at $1,699,000 after buying an additional 16,747 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of National CineMedia by 7.4% in the fourth quarter. Macquarie Group Ltd. now owns 1,108,134 shares of the business services provider’s stock valued at $16,323,000 after buying an additional 76,739 shares in the last quarter. Skylands Capital LLC purchased a new stake in shares of National CineMedia during the first quarter valued at about $893,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of National CineMedia by 25.4% in the first quarter. Janney Montgomery Scott LLC now owns 58,365 shares of the business services provider’s stock valued at $737,000 after buying an additional 11,820 shares in the last quarter. 91.17% of the stock is owned by institutional investors and hedge funds.

National CineMedia, Inc. (NASDAQ NCMI) traded down 2.73% during mid-day trading on Wednesday, hitting $6.05. The stock had a trading volume of 304,879 shares. The stock has a market cap of $366.60 million, a price-to-earnings ratio of 14.83 and a beta of 0.64. The stock’s 50-day moving average price is $7.33 and its 200-day moving average price is $10.45. National CineMedia, Inc. has a 12 month low of $5.86 and a 12 month high of $16.10.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. The company had revenue of $97.10 million during the quarter, compared to analysts’ expectations of $104.30 million. National CineMedia had a negative return on equity of 14.47% and a net margin of 4.56%. National CineMedia’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 EPS. On average, analysts predict that National CineMedia, Inc. will post $0.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Saturday, August 12th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 13.66%. The ex-dividend date of this dividend is Wednesday, August 9th. National CineMedia’s dividend payout ratio (DPR) is 283.87%.

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NCMI has been the subject of several research reports. B. Riley reaffirmed a “buy” rating and issued a $16.00 target price on shares of National CineMedia in a research note on Tuesday, May 2nd. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. FBR & Co lowered National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Friday, May 5th. J P Morgan Chase & Co lowered National CineMedia from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $12.00 in a research note on Friday, May 5th. Finally, Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. National CineMedia has an average rating of “Hold” and a consensus target price of $12.51.

About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

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Institutional Ownership by Quarter for National CineMedia (NASDAQ:NCMI)

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