National CineMedia (NCMI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of National CineMedia (NASDAQ:NCMI) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,343 shares of the business services provider’s stock after selling 11,032 shares during the quarter. Rhumbline Advisers owned 0.08% of National CineMedia worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Engineers Gate Manager LP bought a new position in shares of National CineMedia during the 4th quarter valued at $119,000. Teacher Retirement System of Texas bought a new position in shares of National CineMedia during the 4th quarter valued at $149,000. Fox Run Management L.L.C. bought a new position in shares of National CineMedia during the 4th quarter valued at $214,000. Gamco Investors INC. ET AL lifted its holdings in shares of National CineMedia by 32.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 33,000 shares of the business services provider’s stock valued at $226,000 after buying an additional 8,000 shares during the period. Finally, Teton Advisors Inc. lifted its holdings in shares of National CineMedia by 191.7% during the 4th quarter. Teton Advisors Inc. now owns 35,000 shares of the business services provider’s stock valued at $240,000 after buying an additional 23,000 shares during the period. 86.41% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of National CineMedia stock opened at $5.44 on Friday. National CineMedia has a one year low of $5.09 and a one year high of $12.70. The firm has a market capitalization of $414.67, a P/E ratio of 13.60, a P/E/G ratio of 1.61 and a beta of 0.55. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of -769.42.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, March 12th. The business services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.06. National CineMedia had a negative return on equity of 55.42% and a net margin of 0.12%. The company had revenue of $140.70 million for the quarter, compared to analysts’ expectations of $144.48 million. During the same period last year, the firm earned $0.24 EPS. National CineMedia’s revenue for the quarter was down 1.3% compared to the same quarter last year. analysts forecast that National CineMedia will post 0.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 22nd were issued a $0.17 dividend. The ex-dividend date was Wednesday, March 21st. This represents a $0.68 dividend on an annualized basis and a yield of 12.50%. National CineMedia’s dividend payout ratio is currently 170.00%.

NCMI has been the topic of several research analyst reports. Zacks Investment Research cut National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. B. Riley raised National CineMedia from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Monday, March 19th. ValuEngine cut National CineMedia from a “hold” rating to a “sell” rating in a report on Monday. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price (down from $12.00) on shares of National CineMedia in a report on Tuesday, March 13th. Finally, Barrington Research reaffirmed a “hold” rating on shares of National CineMedia in a report on Monday, March 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.92.

In other National CineMedia news, major shareholder General L.P. Standard purchased 249,400 shares of the firm’s stock in a transaction on Thursday, March 22nd. The shares were acquired at an average cost of $5.51 per share, with a total value of $1,374,194.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders purchased 1,387,513 shares of company stock worth $7,889,192. 5.40% of the stock is owned by insiders.

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National CineMedia Company Profile

National CineMedia, Inc is a holding company that engages in the provision of advertising, business meetings, event services and third-party theatre circuits under network affiliate agreements. It owns and operates the digital in-theatre network in North America, which is used to distribute content for its advertising promotions, Fathom Events.

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

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