1 week Ago By Defense World Staff
JPMorgan Chase & Co. lessened its stake in National CineMedia, Inc. ( NASDAQ:NCMI – Free Report ) by 16.
8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,573,935 shares of the business services provider’s stock after selling 721,489 shares during the period. JPMorgan Chase & Co.
owned about 3.77% of National CineMedia worth $23,731,000 at the end of the most recent reporting period. A number of other institutional investors have also added to or reduced their stakes in NCMI.
Ieq Capital LLC bought a new stake in shares of National CineMedia in the 4th quarter worth approximately $93,000. Catalyst Funds Management Pty Ltd lifted its position in National CineMedia by 510.0% in the fourth quarter.
Catalyst Funds Management Pty Ltd now owns 18,300 shares of the business services provider’s stock worth $122,000 after purchasing an additional 15,300 shares during the period. Centiva Capital LP bought a new position in National CineMedia in the third quarter worth $219,000. SG Americas Securities LLC boosted its stake in National CineMedia by 39.
7% during the fourth quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider’s stock worth $287,000 after buying an additional 12,281 shares in the last quarter. Finally, Kings Path Partners LLC bought a new stake in National CineMedia in the 4th quarter valued at $408,000.
69.49% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several analysts have recently weighed in on the stock.
StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. William Blair reaffirmed a “neutral” rating and set a $7.
50 price objective on shares of National CineMedia in a report on Friday, March 7th. Benchmark reissued a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a report on Friday, March 7th.
Wedbush raised National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 price target on the stock in a research note on Friday, March 14th. Finally, Barrington Research reiterated an “outperform” rating and set a $7.
00 price objective on shares of National CineMedia in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.
70. Insider Activity In other news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $5.
18 per share, with a total value of $537,088.30. Following the completion of the purchase, the insider now directly owns 10,310,433 shares of the company’s stock, valued at $53,408,042.
94. The trade was a 1.02 % increase in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . 0.25% of the stock is owned by insiders.
National CineMedia Stock Up 4.6 % NASDAQ NCMI opened at $5.93 on Thursday.
The stock’s 50 day simple moving average is $6.27 and its 200 day simple moving average is $6.62.
National CineMedia, Inc. has a one year low of $4.12 and a one year high of $7.
60. The firm has a market cap of $564.60 million, a PE ratio of -23.
72 and a beta of 1.92. The company has a debt-to-equity ratio of 0.
03, a current ratio of 2.46 and a quick ratio of 2.46.
National CineMedia ( NASDAQ:NCMI – Get Free Report ) last announced its earnings results on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.
20 by $0.06. National CineMedia had a negative return on equity of 2.
61% and a negative net margin of 9.49%. The company had revenue of $86.
30 million for the quarter, compared to analysts’ expectations of $84.77 million. As a group, sell-side analysts forecast that National CineMedia, Inc.
will post -0.12 earnings per share for the current fiscal year. National CineMedia Announces Dividend The business also recently announced a — dividend, which was paid on Monday, April 7th.
Stockholders of record on Monday, March 24th were given a dividend of $0.03 per share. The ex-dividend date was Monday, March 24th.
National CineMedia’s payout ratio is -52.17%. National CineMedia Company Profile ( Free Report ) National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America.
It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment 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. Featured Stories Five stocks we like better than National CineMedia Are Penny Stocks a Good Fit for Your Portfolio? Quantum Computing: The $6.5 Billion Opportunity You Can’t Ignore What Investors Need to Know to Beat the Market Are Tariffs Threatening Disney’s Comeback Story? Expert Stock Trading Psychology Tips Is Alphabet a Generational Buying Opportunity at These Levels? Want to see what other hedge funds are holding NCMI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for National CineMedia, Inc. ( NASDAQ:NCMI – Free Report ). Receive News & Ratings for National CineMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia and related companies with MarketBeat.
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