Dimensional Fund Advisors LP raised its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,610,424 shares of the business services provider’s stock after buying an additional 67,734 shares during the period. Dimensional Fund Advisors LP owned about 3.31% of National CineMedia worth $16,915,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc boosted its position in National CineMedia by 2.8% during the third quarter. Vanguard Group Inc now owns 6,571,067 shares of the business services provider’s stock valued at $69,587,000 after buying an additional 176,667 shares during the period. Vanguard Group Inc. boosted its holdings in shares of National CineMedia by 2.8% during the third quarter. Vanguard Group Inc. now owns 6,571,067 shares of the business services provider’s stock worth $69,587,000 after purchasing an additional 176,667 shares during the period. BlackRock Inc. boosted its holdings in shares of National CineMedia by 2.4% during the fourth quarter. BlackRock Inc. now owns 5,271,174 shares of the business services provider’s stock worth $34,157,000 after purchasing an additional 125,168 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of National CineMedia by 1.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,635,045 shares of the business services provider’s stock worth $17,075,000 after purchasing an additional 31,126 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of National CineMedia by 6.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,960,000 shares of the business services provider’s stock worth $12,701,000 after purchasing an additional 120,000 shares during the period. Institutional investors and hedge funds own 91.41% of the company’s stock.
A number of analysts have recently weighed in on NCMI shares. Zacks Investment Research lowered shares of National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Barrington Research reissued a “hold” rating on shares of National CineMedia in a research note on Friday, March 1st. BidaskClub raised shares of National CineMedia from a “hold” rating to a “buy” rating in a research note on Saturday, January 5th. TheStreet raised shares of National CineMedia from a “c” rating to a “b-” rating in a research note on Friday, March 15th. Finally, ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.50.
National CineMedia (NASDAQ:NCMI) last announced its earnings results on Thursday, February 21st. The business services provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. National CineMedia had a net margin of 6.75% and a negative return on equity of 34.20%. The business had revenue of $137.40 million during the quarter, compared to the consensus estimate of $139.48 million. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities research analysts expect that National CineMedia, Inc. will post 0.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date of this dividend was Monday, March 4th. National CineMedia’s dividend payout ratio is 183.78%.
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About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-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.
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