National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard bought 60,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of $6.64 per share, with a total value of $398,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, December 6th, General L.P. Standard bought 149,662 shares of National CineMedia stock. The stock was purchased at an average cost of $6.61 per share, with a total value of $989,265.82.

National CineMedia, Inc. (NCMI) traded down $0.06 during mid-day trading on Wednesday, reaching $6.55. 584,900 shares of the company’s stock were exchanged, compared to its average volume of 694,371. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. National CineMedia, Inc. has a 1 year low of $5.12 and a 1 year high of $15.80. The company has a market capitalization of $518.90, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.53 and a beta of 0.62.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. The firm had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $108.21 million. During the same period in the previous year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts expect that National CineMedia, Inc. will post 0.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 13.44%. The ex-dividend date was Wednesday, November 15th. National CineMedia’s dividend payout ratio is currently 266.67%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in shares of National CineMedia by 3.5% during the second quarter. Citigroup Inc. now owns 25,190 shares of the business services provider’s stock worth $187,000 after buying an additional 844 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of National CineMedia by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock worth $375,000 after buying an additional 2,341 shares in the last quarter. Denver Investment Advisors LLC lifted its holdings in shares of National CineMedia by 7.9% during the second quarter. Denver Investment Advisors LLC now owns 39,205 shares of the business services provider’s stock worth $291,000 after buying an additional 2,875 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of National CineMedia by 3.4% during the first quarter. Goldman Sachs Group Inc. now owns 109,545 shares of the business services provider’s stock worth $1,384,000 after buying an additional 3,566 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of National CineMedia by 14.2% during the second quarter. Voya Investment Management LLC now owns 33,589 shares of the business services provider’s stock worth $249,000 after buying an additional 4,171 shares in the last quarter. 86.40% of the stock is owned by institutional investors.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Credit Suisse Group reduced their price objective on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, September 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $8.00 price objective (down from $12.00) on shares of National CineMedia in a research report on Tuesday, August 8th. B. Riley set a $9.00 price objective on shares of National CineMedia and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Finally, ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.90.

TRADEMARK VIOLATION WARNING: “General L.P. Standard Buys 60,000 Shares of National CineMedia, Inc. (NCMI) Stock” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/06/general-l-p-standard-buys-60000-shares-of-national-cinemedia-inc-ncmi-stock.html.

About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

Receive News & Ratings for National CineMedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.