National CineMedia (NCMI) Trading Up 5.1%

National CineMedia, Inc. (NASDAQ:NCMI)’s share price was up 5.1% during mid-day trading on Tuesday . The company traded as high as $6.73 and last traded at $6.61. Approximately 894,800 shares were traded during trading, an increase of 29% from the average daily volume of 694,841 shares. The stock had previously closed at $6.29.

A number of equities analysts have issued reports on NCMI shares. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of National CineMedia in a report on Saturday, August 12th. Credit Suisse Group lowered their target price on National CineMedia from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, September 28th. J P Morgan Chase & Co cut National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price for the company. in a report on Wednesday, November 8th. Finally, ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.90.

The company has a market capitalization of $514.18, a price-to-earnings ratio of 21.13, a PEG ratio of 2.51 and a beta of 0.62. The company has a debt-to-equity ratio of -14.71, a current ratio of 1.76 and a quick ratio of 1.76.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The company had revenue of $116.40 million during 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%. National CineMedia’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. analysts anticipate that National CineMedia, Inc. will post 0.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 13.44%. The ex-dividend date of this dividend was Wednesday, November 15th. National CineMedia’s payout ratio is 266.67%.

In related news, major shareholder General L.P. Standard acquired 60,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $6.64 per share, for a total transaction of $398,400.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Amc Starplex, Llc sold 2,800,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $6.49, for a total value of $18,172,000.00. The disclosure for this sale can be found here. 5.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of National CineMedia in the 2nd quarter valued at about $1,135,000. Thompson Siegel & Walmsley LLC grew its holdings in National CineMedia by 238.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,707,647 shares of the business services provider’s stock worth $20,091,000 after purchasing an additional 1,907,741 shares during the period. Engineers Gate Manager LP grew its holdings in National CineMedia by 74.8% during the second quarter. Engineers Gate Manager LP now owns 91,122 shares of the business services provider’s stock worth $676,000 after purchasing an additional 38,984 shares during the period. Vivaldi Asset Management LLC bought a new position in National CineMedia during the second quarter worth about $1,439,000. Finally, Skylands Capital LLC grew its holdings in National CineMedia by 41.1% during the third quarter. Skylands Capital LLC now owns 812,150 shares of the business services provider’s stock worth $5,669,000 after purchasing an additional 236,400 shares during the period. Institutional investors own 86.40% of the company’s stock.

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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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