National CineMedia, Inc. (NCMI) Stake Decreased by Teachers Advisors LLC

Teachers Advisors LLC decreased its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,556 shares of the business services provider’s stock after selling 7,817 shares during the period. Teachers Advisors LLC owned 0.18% of National CineMedia worth $1,358,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised 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 valued at $737,000 after buying an additional 11,820 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in National CineMedia by 189.7% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,130,000 shares of the business services provider’s stock valued at $14,272,000 after buying an additional 740,000 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in National CineMedia by 84.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 299,040 shares of the business services provider’s stock valued at $3,777,000 after buying an additional 136,660 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in National CineMedia during the first quarter valued at $505,000. Finally, North Star Investment Management Corp. raised its stake in National CineMedia by 20.7% in the first quarter. North Star Investment Management Corp. now owns 169,870 shares of the business services provider’s stock valued at $2,145,000 after buying an additional 29,156 shares during the last quarter. 89.68% of the stock is owned by institutional investors.

Shares of National CineMedia, Inc. (NCMI) traded down 0.54% during mid-day trading on Friday, hitting $5.57. 378,973 shares of the company were exchanged. The company’s 50-day moving average price is $6.60 and its 200-day moving average price is $9.51. The firm has a market capitalization of $337.62 million, a P/E ratio of 17.41 and a beta of 0.64. National CineMedia, Inc. has a 12-month low of $5.32 and a 12-month high of $16.05.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, August 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $104.30 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. Equities research analysts predict 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 will be paid on Thursday, August 31st. Shareholders of record on Saturday, August 12th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.88 annualized dividend and a yield of 15.80%. National CineMedia’s payout ratio is presently 283.87%.

NCMI has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $16.00 price objective on shares of National CineMedia in a report on Tuesday, May 2nd. Zacks Investment Research lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. FBR & Co lowered shares of National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Friday, May 5th. J P Morgan Chase & Co lowered shares of National CineMedia from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $12.00 in a report on Friday, May 5th. Finally, Barrington Research lowered shares of National CineMedia from an “outperform” rating to a “market perform” rating in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, six have assigned 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 $12.51.

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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