National CineMedia, Inc. (NCMI) Shares Bought by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD raised its position in National CineMedia, Inc. (NASDAQ:NCMI) by 89.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 682,870 shares of the business services provider’s stock after buying an additional 321,520 shares during the period. Mondrian Investment Partners LTD owned 1.13% of National CineMedia worth $5,067,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. State of New Jersey Common Pension Fund D raised its stake in shares of National CineMedia by 87.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,120,000 shares of the business services provider’s stock worth $15,730,000 after buying an additional 990,000 shares during the last quarter. Norges Bank purchased a new position in National CineMedia during the fourth quarter valued at $9,204,000. Skylands Capital LLC raised its position in National CineMedia by 714.4% in the second quarter. Skylands Capital LLC now owns 575,750 shares of the business services provider’s stock valued at $4,272,000 after buying an additional 505,050 shares in the last quarter. Citadel Advisors LLC raised its position in National CineMedia by 452.8% in the first quarter. Citadel Advisors LLC now owns 413,249 shares of the business services provider’s stock valued at $5,219,000 after buying an additional 338,498 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in National CineMedia by 8.3% in the first quarter. Wellington Management Group LLP now owns 4,136,636 shares of the business services provider’s stock valued at $52,246,000 after buying an additional 316,814 shares in the last quarter. 91.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of National CineMedia, Inc. (NASDAQ:NCMI) opened at 5.79 on Friday. National CineMedia, Inc. has a one year low of $5.75 and a one year high of $16.05. The company’s 50 day moving average price is $7.16 and its 200 day moving average price is $10.21. The stock has a market capitalization of $350.85 million, a P/E ratio of 18.09 and a beta of 0.64.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. National CineMedia had a net margin of 4.56% and a negative return on equity of 16.58%. The firm had revenue of $97.10 million during the quarter, compared to analysts’ expectations of $104.30 million. During the same quarter last year, the firm earned $0.11 EPS. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities analysts expect that National CineMedia, Inc. will post $0.29 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Saturday, August 12th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.88 annualized dividend and a dividend yield of 15.20%. National CineMedia’s dividend payout ratio (DPR) is presently 283.87%.

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Several research firms have recently weighed in on NCMI. B. Riley reaffirmed a “buy” rating and issued a $16.00 price objective on shares of National CineMedia in a research note on Tuesday, May 2nd. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. FBR & Co lowered National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research note on Friday, May 5th. Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. Finally, J P Morgan Chase & Co lowered National CineMedia from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $12.00 in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. National CineMedia presently has an average rating of “Hold” and a consensus target price of $12.51.

National CineMedia Company 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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