Denver Investment Advisors LLC boosted its position in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 7.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 39,205 shares of the business services provider’s stock after buying an additional 2,875 shares during the period. Denver Investment Advisors LLC owned 0.06% of National CineMedia worth $291,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in National CineMedia during the fourth quarter worth about $9,204,000. Teachers Advisors LLC boosted its stake in National CineMedia by 17.0% in the fourth quarter. Teachers Advisors LLC now owns 115,373 shares of the business services provider’s stock worth $1,699,000 after buying an additional 16,747 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in National CineMedia by 25.4% in the first quarter. Janney Montgomery Scott LLC now owns 58,365 shares of the business services provider’s stock worth $737,000 after buying an additional 11,820 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in National CineMedia by 7.4% in the first quarter. Mondrian Investment Partners LTD now owns 361,350 shares of the business services provider’s stock worth $4,564,000 after buying an additional 24,977 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust purchased a new stake in National CineMedia during the first quarter worth about $505,000. 89.68% of the stock is owned by hedge funds and other institutional investors.
National CineMedia, Inc. (NCMI) opened at 5.52 on Monday. The firm’s 50-day moving average price is $6.84 and its 200 day moving average price is $9.82. National CineMedia, Inc. has a 12-month low of $5.41 and a 12-month high of $16.05. The company has a market capitalization of $334.59 million, a price-to-earnings ratio of 17.25 and a beta of 0.64.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. National CineMedia had a negative return on equity of 16.58% and a net margin of 4.56%. The business had revenue of $97.10 million for the quarter, compared to analyst estimates of $104.30 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company’s quarterly revenue was down 15.9% on a year-over-year basis. On average, equities research analysts expect that National CineMedia, Inc. will post $0.29 EPS for the current fiscal 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 paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 15.94%. National CineMedia’s dividend payout ratio is 283.87%.
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A number of analysts recently issued reports on NCMI shares. B. Riley reissued a “buy” rating and set a $16.00 price objective on shares of National CineMedia in a research report on Tuesday, May 2nd. Zacks Investment Research cut National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. FBR & Co cut National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research report on Friday, May 5th. J P Morgan Chase & Co cut National CineMedia from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $12.00 in a research report on Friday, May 5th. Finally, Barrington Research cut National CineMedia from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.51.
About National CineMedia
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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