Panagora Asset Management Inc. Raises Position in National CineMedia, Inc. (NASDAQ:NCMI)

Panagora Asset Management Inc. grew its stake in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 7.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,214 shares of the business services provider’s stock after acquiring an additional 14,472 shares during the quarter. Panagora Asset Management Inc. owned about 0.26% of National CineMedia worth $1,346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NCMI. Dimensional Fund Advisors LP boosted its position in shares of National CineMedia by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,610,424 shares of the business services provider’s stock worth $16,915,000 after acquiring an additional 67,734 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of National CineMedia by 7.9% in the 2nd quarter. North Star Investment Management Corp. now owns 640,333 shares of the business services provider’s stock valued at $4,201,000 after purchasing an additional 46,790 shares during the last quarter. Martingale Asset Management L P grew its stake in shares of National CineMedia by 57.6% during the 1st quarter. Martingale Asset Management L P now owns 575,554 shares of the business services provider’s stock valued at $4,058,000 after buying an additional 210,439 shares during the period. Bessemer Group Inc. grew its stake in shares of National CineMedia by 19.6% during the 2nd quarter. Bessemer Group Inc. now owns 241,900 shares of the business services provider’s stock valued at $1,587,000 after buying an additional 39,700 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of National CineMedia by 44.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 231,072 shares of the business services provider’s stock worth $1,516,000 after buying an additional 71,075 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

In other news, major shareholder General L.P. Standard bought 212,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $7.78 per share, for a total transaction of $1,649,360.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have bought 527,000 shares of company stock worth $4,001,060. Corporate insiders own 3.90% of the company’s stock.



Several research analysts recently weighed in on NCMI shares. B. Riley set a $10.00 target price on National CineMedia and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Barrington Research reissued a “market perform” rating on shares of National CineMedia in a research report on Friday, May 17th. BidaskClub upgraded National CineMedia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 31st. Zacks Investment Research upgraded National CineMedia from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Friday, September 6th. Finally, ValuEngine downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $9.17.

NCMI stock traded up $0.12 during midday trading on Wednesday, reaching $8.24. 8,472 shares of the company’s stock traded hands, compared to its average volume of 444,757. National CineMedia, Inc. has a fifty-two week low of $5.88 and a fifty-two week high of $10.94. The business has a 50-day moving average price of $7.39 and a two-hundred day moving average price of $7.19. The company has a market capitalization of $641.24 million, a P/E ratio of 22.24 and a beta of 0.71.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, August 5th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. National CineMedia had a net margin of 8.12% and a negative return on equity of 36.78%. The company had revenue of $110.20 million during the quarter, compared to analyst estimates of $113.07 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts expect that National CineMedia, Inc. will post 0.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.25%. National CineMedia’s payout ratio is currently 183.78%.

About National CineMedia

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

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