National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard acquired 50,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was acquired at an average price of $7.34 per share, for a total transaction of $367,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% 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 Friday, November 9th, General L.P. Standard acquired 459,738 shares of National CineMedia stock. The stock was acquired at an average price of $7.49 per share, for a total transaction of $3,443,437.62.

NCMI stock opened at $7.09 on Thursday. National CineMedia, Inc. has a twelve month low of $5.09 and a twelve month high of $10.94. The stock has a market cap of $569.29 million, a P/E ratio of 17.73 and a beta of 0.83.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, November 5th. The business services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. National CineMedia had a negative return on equity of 50.31% and a net margin of 1.82%. The business had revenue of $110.10 million for the quarter, compared to the consensus estimate of $117.48 million. During the same period last year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts anticipate that National CineMedia, Inc. will post 0.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date of this dividend is Wednesday, November 14th. National CineMedia’s payout ratio is 170.00%.

NCMI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded National CineMedia from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Wednesday, October 10th. ValuEngine downgraded National CineMedia from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. BidaskClub downgraded National CineMedia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 27th. B. Riley lifted their target price on National CineMedia from $10.50 to $11.50 and gave the stock a “buy” rating in a research report on Monday, September 24th. Finally, MKM Partners lifted their target price on National CineMedia to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.38.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in National CineMedia during the third quarter valued at approximately $123,000. Meeder Asset Management Inc. boosted its holdings in National CineMedia by 431.8% during the second quarter. Meeder Asset Management Inc. now owns 11,881 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 9,647 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in National CineMedia during the third quarter valued at approximately $148,000. Dynamic Technology Lab Private Ltd acquired a new stake in National CineMedia during the second quarter valued at approximately $138,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in National CineMedia during the third quarter valued at approximately $176,000. 84.10% of the stock is currently owned by institutional investors.

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National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.

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