Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 89.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,850 shares of the business services provider’s stock after purchasing an additional 59,900 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of National CineMedia worth $1,343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NCMI. Dynamic Technology Lab Private Ltd acquired a new stake in National CineMedia during the 2nd quarter worth $138,000. CAPROCK Group Inc. purchased a new position in shares of National CineMedia during the 3rd quarter worth $148,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of National CineMedia during the 3rd quarter worth $176,000. Virtu Financial LLC purchased a new position in shares of National CineMedia during the 3rd quarter worth $187,000. Finally, HAP Trading LLC purchased a new position in shares of National CineMedia during the 3rd quarter worth $202,000. 87.28% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded National CineMedia from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Wednesday, October 10th. B. Riley lifted their price target on National CineMedia from $10.50 to $11.50 and gave the stock a “buy” rating in a report on Monday, September 24th. BidaskClub upgraded National CineMedia from a “buy” rating to a “strong-buy” rating in a report on Friday, August 17th. Finally, ValuEngine lowered National CineMedia from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.38.

In related news, President Clifford E. Marks sold 30,237 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $10.00, for a total value of $302,370.00. Following the sale, the president now directly owns 526,868 shares in the company, valued at approximately $5,268,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder General L.P. Standard acquired 459,738 shares of National CineMedia stock in a transaction that occurred on Friday, November 9th. The stock was bought at an average price of $7.49 per share, for a total transaction of $3,443,437.62. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

NASDAQ NCMI opened at $6.83 on Friday. National CineMedia, Inc. has a 52 week low of $5.09 and a 52 week high of $10.94. The firm has a market cap of $544.82 million, a PE ratio of 17.08 and a beta of 0.76.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, November 5th. The business services provider reported $0.14 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $117.48 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, research analysts expect that National CineMedia, Inc. will post 0.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were issued a $0.17 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $0.68 annualized dividend and a yield of 9.96%. National CineMedia’s dividend payout ratio (DPR) is currently 170.00%.

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

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