Price T Rowe Associates Inc. MD cut its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,334,864 shares of the business services provider’s stock after selling 20,200 shares during the period. Price T Rowe Associates Inc. MD owned 7.96% of National CineMedia worth $23,566,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Credit Suisse AG increased its holdings in shares of National CineMedia by 238.5% during the 4th quarter. Credit Suisse AG now owns 285,618 shares of the business services provider’s stock worth $1,062,000 after buying an additional 201,232 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of National CineMedia by 1,663.5% during the 3rd quarter. Victory Capital Management Inc. now owns 205,396 shares of the business services provider’s stock worth $558,000 after buying an additional 193,749 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of National CineMedia by 19.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 730,449 shares of the business services provider’s stock worth $1,983,000 after buying an additional 120,838 shares during the last quarter. New York Life Investments Alternatives acquired a new stake in shares of National CineMedia during the 4th quarter worth $422,000. Finally, Squarepoint Ops LLC increased its holdings in shares of National CineMedia by 600.9% during the 3rd quarter. Squarepoint Ops LLC now owns 111,710 shares of the business services provider’s stock worth $303,000 after buying an additional 95,771 shares during the last quarter. Institutional investors own 80.16% of the company’s stock.
NCMI has been the subject of a number of research analyst reports. B. Riley restated a “buy” rating and set a $6.00 price objective on shares of National CineMedia in a report on Monday. Benchmark raised shares of National CineMedia from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Wednesday. Finally, Zacks Investment Research cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Thursday, January 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.45.
NASDAQ:NCMI opened at $4.52 on Thursday. The firm has a 50-day moving average of $4.85 and a two-hundred day moving average of $3.68. The stock has a market cap of $358.66 million, a P/E ratio of -30.13 and a beta of 1.91. National CineMedia, Inc. has a 1-year low of $1.81 and a 1-year high of $6.11.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Sunday, March 7th. The business services provider reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.44). The firm had revenue of $15.70 million during the quarter, compared to analysts’ expectations of $12.47 million. National CineMedia had a negative net margin of 5.00% and a negative return on equity of 8.22%. The business’s quarterly revenue was down 89.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. On average, analysts predict that National CineMedia, Inc. will post -0.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 5th. Stockholders of record on Monday, March 22nd were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.42%. National CineMedia’s dividend payout ratio (DPR) is presently 42.55%.
National CineMedia Profile
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.
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