NJ State Employees Deferred Compensation Plan Holds Position in National CineMedia, Inc. (NCMI)
NJ State Employees Deferred Compensation Plan held its stake in National CineMedia, Inc. (NASDAQ:NCMI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,000 shares of the business services provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in National CineMedia were worth $297,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in NCMI. Janney Montgomery Scott LLC boosted its stake in National CineMedia by 20.4% in the second quarter. Janney Montgomery Scott LLC now owns 70,252 shares of the business services provider’s stock valued at $521,000 after buying an additional 11,887 shares during the period. Russell Investments Group Ltd. acquired a new stake in National CineMedia during the second quarter valued at $1,135,000. Quantitative Systematic Strategies LLC acquired a new stake in National CineMedia during the second quarter valued at $159,000. Skylands Capital LLC boosted its stake in National CineMedia by 714.4% in the second quarter. Skylands Capital LLC now owns 575,750 shares of the business services provider’s stock valued at $4,272,000 after buying an additional 505,050 shares during the period. Finally, Aperio Group LLC boosted its stake in National CineMedia by 367.6% in the second quarter. Aperio Group LLC now owns 96,939 shares of the business services provider’s stock valued at $719,000 after buying an additional 76,206 shares during the period. Institutional investors and hedge funds own 91.17% of the company’s stock.
National CineMedia, Inc. (NCMI) opened at 6.06 on Thursday. National CineMedia, Inc. has a 1-year low of $5.86 and a 1-year high of $16.05. The stock has a market cap of $367.21 million, a PE ratio of 14.85 and a beta of 0.64. The stock has a 50 day moving average price of $7.21 and a 200-day moving average price of $10.24.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by $0.04. National CineMedia had a negative return on equity of 14.47% and a net margin of 4.56%. The company had revenue of $97.10 million for the quarter, compared to analyst estimates of $104.30 million. During the same period last year, the company posted $0.11 EPS. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, equities analysts expect that National CineMedia, Inc. will post $0.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Saturday, August 12th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 14.52%. The ex-dividend date of this dividend is Wednesday, August 9th. National CineMedia’s payout ratio is currently 283.87%.
Several equities research analysts have weighed in on the company. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $8.00 price objective (down previously from $12.00) on shares of National CineMedia in a report on Tuesday. B. Riley set a $14.00 price objective on National CineMedia and gave the stock a “buy” rating in a report on Monday. Wedbush assumed coverage on National CineMedia in a report on Wednesday, August 2nd. They issued a “neutral” rating and a $6.50 price objective for the company. BidaskClub cut National CineMedia from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Finally, Barrington Research cut National CineMedia from an “outperform” rating to a “market perform” rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. National CineMedia has a consensus rating of “Hold” and an average price target of $12.51.
National CineMedia Company Profile
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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