Janney Montgomery Scott LLC lessened its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 32.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,244 shares of the business services provider’s stock after selling 23,008 shares during the period. Janney Montgomery Scott LLC owned 0.06% of National CineMedia worth $330,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Citigroup Inc. raised its stake in 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 during the last quarter. The Manufacturers Life Insurance Company raised its stake in 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 during the last quarter. Voya Investment Management LLC raised its stake in 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 during the last quarter. Stifel Financial Corp raised its stake in National CineMedia by 30.5% during the second quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock worth $142,000 after buying an additional 4,468 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in National CineMedia by 21.9% during the second quarter. Legal & General Group Plc now owns 25,026 shares of the business services provider’s stock worth $186,000 after buying an additional 4,490 shares during the last quarter. Institutional investors own 86.37% of the company’s stock.

Shares of National CineMedia, Inc. (NASDAQ NCMI) opened at $6.69 on Thursday. National CineMedia, Inc. has a 52 week low of $5.12 and a 52 week high of $15.25. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71. The firm has a market cap of $533.03, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, beating the 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 the consensus estimate of $108.21 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. equities research analysts predict that National CineMedia, Inc. will post 0.29 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 13.15%. The ex-dividend date of this dividend was Wednesday, November 15th. National CineMedia’s dividend payout ratio (DPR) is currently 266.67%.

A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of National CineMedia from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. B. Riley set a $9.00 target price on shares of National CineMedia and gave the stock a “hold” rating in a research note on Tuesday, November 14th. JPMorgan Chase & Co. downgraded shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price for the company. in a research note on Wednesday, November 8th. Finally, Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.90.

In related news, major shareholder General L.P. Standard purchased 149,662 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was purchased at an average cost of $6.61 per share, with a total value of $989,265.82. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Amc Starplex, Llc sold 2,800,000 shares of National CineMedia stock in a transaction on Friday, September 29th. The shares were sold at an average price of $6.49, for a total transaction of $18,172,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 795,940 shares of company stock valued at $5,399,529. Insiders own 5.40% of the company’s stock.

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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.

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

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