Swiss National Bank boosted its stake in shares of National CineMedia Inc. (NASDAQ:NCMI) by 3.8% during the second quarter, Holdings Channel reports. The fund owned 100,400 shares of the company’s stock after buying an additional 3,700 shares during the period. Swiss National Bank owned 0.17% of National CineMedia worth $1,554,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of National CineMedia during the fourth quarter worth about $9,293,000. Mondrian Investment Partners LTD boosted its stake in shares of National CineMedia by 9,163.0% in the first quarter. Mondrian Investment Partners LTD now owns 261,218 shares of the company’s stock worth $3,973,000 after buying an additional 258,398 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of National CineMedia by 1.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 77,190 shares of the company’s stock worth $1,174,000 after buying an additional 1,230 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of National CineMedia by 17.5% in the first quarter. BlackRock Group LTD now owns 74,163 shares of the company’s stock worth $1,129,000 after buying an additional 11,032 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of National CineMedia by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,600,846 shares of the company’s stock worth $24,349,000 after buying an additional 37,513 shares during the last quarter. 93.23% of the stock is owned by institutional investors and hedge funds.
Shares of National CineMedia Inc. (NASDAQ:NCMI) traded up 0.28% on Monday, hitting $14.54. The company had a trading volume of 242,935 shares. The company has a market capitalization of $870.02 million, a P/E ratio of 52.30 and a beta of 0.36. National CineMedia Inc. has a 12-month low of $13.05 and a 12-month high of $16.33. The firm has a 50-day moving average price of $15.04 and a 200 day moving average price of $14.83.
National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, August 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. National CineMedia had a net margin of 3.82% and a negative return on equity of 12.56%. The firm earned $115.40 million during the quarter, compared to analyst estimates of $115.52 million. During the same period in the prior year, the business posted $0.17 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities analysts expect that National CineMedia Inc. will post $0.40 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 25th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date was Tuesday, August 23rd. National CineMedia’s dividend payout ratio is presently 314.29%.
NCMI has been the subject of a number of recent analyst reports. Credit Suisse Group AG initiated coverage on National CineMedia in a research report on Monday, June 13th. They set an “outperform” rating and a $21.00 target price for the company. Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Stifel Nicolaus cut National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. B. Riley reaffirmed a “buy” rating and set a $20.00 target price on shares of National CineMedia in a research report on Thursday, August 4th. Finally, FBR & Co decreased their target price on National CineMedia from $18.50 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. National CineMedia has a consensus rating of “Buy” and an average target price of $17.72.
About National CineMedia
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America, through which it sells in-theatre and online advertising and promotions. The Company is engaged in advertising business.
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