3,625,000 Shares in National CineMedia, Inc. (NCMI) Purchased by Oaktree Capital Management LP

Oaktree Capital Management LP purchased a new stake in National CineMedia, Inc. (NASDAQ:NCMI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,625,000 shares of the business services provider’s stock, valued at approximately $25,301,000. Oaktree Capital Management LP owned 4.62% of National CineMedia as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of National CineMedia by 6.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,199,463 shares of the business services provider’s stock worth $38,580,000 after buying an additional 292,797 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in National CineMedia in the 2nd quarter valued at $27,242,000. Thompson Siegel & Walmsley LLC increased its holdings in National CineMedia by 12.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,054,599 shares of the business services provider’s stock valued at $21,321,000 after purchasing an additional 346,952 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in National CineMedia by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,323,816 shares of the business services provider’s stock valued at $17,243,000 after purchasing an additional 194,401 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in National CineMedia by 6.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,247,000 shares of the business services provider’s stock valued at $15,684,000 after purchasing an additional 127,000 shares in the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.

A number of equities analysts have weighed in on NCMI shares. B. Riley cut shares of National CineMedia from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $8.75 in a research report on Tuesday, November 7th. Credit Suisse Group decreased 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. Zacks Investment Research cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. J P Morgan Chase & Co cut shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Wednesday, November 8th. Finally, ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.90.

In other news, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder General L.P. Standard purchased 149,662 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average price of $6.61 per share, for a total transaction of $989,265.82. The disclosure for this purchase can be found here. Company insiders own 5.40% of the company’s stock.

National CineMedia, Inc. (NASDAQ:NCMI) remained flat at $$6.55 during trading on Thursday. The company had a trading volume of 471,300 shares, compared to its average volume of 693,422. National CineMedia, Inc. has a 52-week low of $5.12 and a 52-week high of $15.80. 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 stock has a market cap of $412.10, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were paid 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 (DPR) is currently 266.67%.

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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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