National CineMedia, Inc. (NCMI) Major Shareholder Acquires $3,443,437.62 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard purchased 459,738 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was bought at an average cost of $7.49 per share, for a total transaction of $3,443,437.62. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

General L.P. Standard also recently made the following trade(s):

  • On Monday, November 12th, General L.P. Standard purchased 50,000 shares of National CineMedia stock. The stock was bought at an average cost of $7.34 per share, for a total transaction of $367,000.00.

Shares of National CineMedia stock opened at $7.07 on Friday. National CineMedia, Inc. has a 52-week low of $5.09 and a 52-week high of $10.94. The firm has a market capitalization of $569.29 million, a PE ratio of 17.68 and a beta of 0.83.



National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, November 5th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. National CineMedia had a net margin of 1.82% and a negative return on equity of 50.31%. The company had revenue of $110.10 million during the quarter, compared to analysts’ expectations of $117.48 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. As a group, analysts forecast that National CineMedia, Inc. will post 0.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.62%. National CineMedia’s dividend payout ratio (DPR) is 170.00%.

Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in shares of National CineMedia by 431.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 11,881 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 9,647 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of National CineMedia in the 3rd quarter valued at $123,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of National CineMedia in the 2nd quarter valued at $138,000. CAPROCK Group Inc. purchased a new stake in shares of National CineMedia in the 3rd quarter valued at $148,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of National CineMedia in the 3rd quarter valued at $176,000. 84.10% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of National CineMedia from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Wednesday, October 10th. BidaskClub lowered shares of National CineMedia from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 27th. ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. B. Riley increased their price target on shares of National CineMedia from $10.50 to $11.50 and gave the stock a “buy” rating in a report on Monday, September 24th. Finally, MKM Partners increased their price target on shares of National CineMedia to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. National CineMedia currently has a consensus rating of “Hold” and an average target price of $10.38.

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About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.

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