Greenhouse Funds LLLP lifted its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 38.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,634,645 shares of the business services provider’s stock after purchasing an additional 456,352 shares during the quarter. National CineMedia accounts for approximately 3.2% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 14th largest position. Greenhouse Funds LLLP owned 2.08% of National CineMedia worth $11,214,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Millennium Management LLC grew its holdings in shares of National CineMedia by 199.9% in the fourth quarter. Millennium Management LLC now owns 587,954 shares of the business services provider’s stock valued at $4,033,000 after purchasing an additional 391,896 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of National CineMedia by 48.4% in the fourth quarter. Two Sigma Investments LP now owns 202,538 shares of the business services provider’s stock valued at $1,389,000 after purchasing an additional 66,051 shares in the last quarter. HPM Partners LLC purchased a new position in shares of National CineMedia in the fourth quarter valued at $110,000. Stone Ridge Asset Management LLC purchased a new position in shares of National CineMedia in the fourth quarter valued at $260,000. Finally, ArrowMark Colorado Holdings LLC grew its holdings in shares of National CineMedia by 4.8% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 9,590,162 shares of the business services provider’s stock valued at $65,789,000 after purchasing an additional 438,600 shares in the last quarter. 87.16% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder General L.P. Standard acquired 15,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was bought at an average cost of $6.94 per share, with a total value of $104,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is owned by insiders.
National CineMedia, Inc. (NASDAQ:NCMI) opened at $6.14 on Wednesday. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $534.59, a price-to-earnings ratio of 312.00, a price-to-earnings-growth ratio of 2.09 and a beta of 0.36. National CineMedia, Inc. has a one year low of $5.12 and a one year high of $13.33.
National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, March 12th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $140.70 million during the quarter, compared to analyst estimates of $144.48 million. National CineMedia had a net margin of 0.12% and a negative return on equity of 41.83%. National CineMedia’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. equities analysts anticipate that National CineMedia, Inc. will post 0.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 11.07%. The ex-dividend date is Wednesday, March 21st. National CineMedia’s payout ratio is 4,400.00%.
National CineMedia Profile
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.
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