National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard bought 144,297 shares of the company’s stock in a transaction on Monday, December 11th. The shares were bought at an average price of $6.76 per share, for a total transaction of $975,447.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, December 13th, General L.P. Standard bought 213,161 shares of National CineMedia stock. The shares were bought at an average price of $6.80 per share, for a total transaction of $1,449,494.80.
  • On Friday, December 8th, General L.P. Standard bought 18,500 shares of National CineMedia stock. The shares were bought at an average price of $6.54 per share, for a total transaction of $120,990.00.
  • On Monday, December 4th, General L.P. Standard acquired 60,000 shares of National CineMedia stock. The stock was acquired at an average price of $6.64 per share, for a total transaction of $398,400.00.
  • On Wednesday, December 6th, General L.P. Standard acquired 149,662 shares of National CineMedia stock. The stock was acquired at an average price of $6.61 per share, for a total transaction of $989,265.82.

Shares of National CineMedia, Inc. (NCMI) traded up $0.08 during mid-day trading on Thursday, hitting $7.00. The company had a trading volume of 1,125,768 shares, compared to its average volume of 695,589. The stock has a market capitalization of $537.73, a P/E ratio of 22.10, a PEG ratio of 2.62 and a beta of 0.62. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71. National CineMedia, Inc. has a one year low of $5.12 and a one year high of $15.76.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, November 6th. The business services provider reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $116.40 million for the quarter, compared to analysts’ expectations of $108.21 million. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. sell-side analysts predict that National CineMedia, Inc. will post 0.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.88 dividend on an annualized basis and a yield of 12.57%. National CineMedia’s dividend payout ratio is presently 266.67%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. increased its stake in National CineMedia by 690.2% in the second quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 12,423 shares during the last quarter. Stifel Financial Corp increased its stake in National CineMedia by 30.5% in the second quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 4,468 shares during the last quarter. DRW Securities LLC bought a new position in National CineMedia in the second quarter valued at $142,000. Nine Chapters Capital Management LLC bought a new position in National CineMedia in the third quarter valued at $136,000. Finally, Gamco Investors INC. ET AL bought a new position in National CineMedia in the third quarter valued at $175,000. 86.40% of the stock is currently owned by institutional investors and hedge funds.

NCMI has been the topic of a number of recent analyst reports. Credit Suisse Group lowered their price objective on National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, September 28th. Zacks Investment Research downgraded National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. B. Riley downgraded National CineMedia from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $14.00 to $8.75 in a research report on Tuesday, November 7th. J P Morgan Chase & Co downgraded National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a research report on Wednesday, November 8th. Finally, ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. National CineMedia presently has a consensus rating of “Hold” and a consensus price target of $7.90.

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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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