National CineMedia, Inc. (NCMI) Position Lowered by Stephens Investment Management Group LLC
Stephens Investment Management Group LLC decreased its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,586,656 shares of the business services provider’s stock after selling 107,858 shares during the quarter. Stephens Investment Management Group LLC owned approximately 4.27% of National CineMedia worth $19,193,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Engineers Gate Manager LP lifted its stake in shares of National CineMedia by 74.8% in the second quarter. Engineers Gate Manager LP now owns 91,122 shares of the business services provider’s stock worth $676,000 after acquiring an additional 38,984 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of National CineMedia in the second quarter worth about $806,000. Vivaldi Asset Management LLC acquired a new position in shares of National CineMedia in the second quarter worth about $1,439,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of National CineMedia by 238.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,707,647 shares of the business services provider’s stock worth $20,091,000 after acquiring an additional 1,907,741 shares in the last quarter. Finally, Pacad Investment Ltd. lifted its stake in shares of National CineMedia by 690.2% in the second quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock worth $106,000 after acquiring an additional 12,423 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.
Shares of National CineMedia, Inc. (NASDAQ:NCMI) traded up 1.80% during mid-day trading on Wednesday, reaching $5.66. The company’s stock had a trading volume of 40,429 shares. The company has a 50 day moving average price of $6.06 and a 200 day moving average price of $8.91. National CineMedia, Inc. has a 12 month low of $5.12 and a 12 month high of $16.05. The stock has a market capitalization of $343.08 million, a P/E ratio of 17.69 and a beta of 0.67.
National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, August 7th. The business services provider reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04). National CineMedia had a net margin of 4.56% and a negative return on equity of 16.58%. The company had revenue of $97.10 million during the quarter, compared to the consensus estimate of $104.30 million. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. On average, equities research analysts anticipate that National CineMedia, Inc. will post $0.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Saturday, August 12th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 15.83%. The ex-dividend date was Wednesday, August 9th. National CineMedia’s payout ratio is presently 283.87%.
NCMI has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating and issued a $14.00 price target on shares of National CineMedia in a research note on Tuesday, May 23rd. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $8.00 price target (down previously from $12.00) on shares of National CineMedia in a research note on Tuesday, August 8th. Wedbush initiated coverage on National CineMedia in a research note on Wednesday, August 2nd. They issued a “neutral” rating and a $6.50 price target on the stock. Finally, BidaskClub cut National CineMedia from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $12.51.
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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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