Gotham Asset Management LLC Has $441000 Stake in National CineMedia, Inc. (NCMI)

Paterniano Del Favero
Agosto 6, 2017

(NASDAQ:NCMI) in a report published on Wednesday morning, MarketBeat reports. They issued a "neutral" rating and a $6.50 price objective for the company.

A number of large investors have recently added to or reduced their stakes in the company. Barrington Research downgraded National CineMedia from an "outperform" rating to a "market perform" rating in a research report on Monday, May 15th. BidaskClub cut National CineMedia from a sell rating to a strong sell rating in a research note on Saturday, July 8th. Finally, J P Morgan Chase & Co lowered National CineMedia from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $17.00 to $12.00 in a research report on Friday, May 5th. Finally, Zacks Investment Research downgraded National CineMedia from a "hold" rating to a "sell" rating in a research report on Wednesday, May 3rd. On May 12 the company was upgraded from "Market Perform" to "Outperform" and a price target of $17.50 was set in a statement from FBR Capital. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of "Hold" and an average price target of $13.08.

Company shares last traded at $6.89 just a bit lower than the 50 day moving average of $7.44 and which is slightly below the 200 day moving average of $10.54. The stock had a trading volume of 1,732,714 shares. The company has a market capitalization of $417.50 million, a P/E ratio of 16.89 and a beta of 0.64.

National CineMedia, Inc. has a 12 month low of $5.86 and a 12 month high of $16.10. The 50 day moving average went down $-0.55 or -7.44% and the 200 day average moved down $-3.65.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Thursday, May 4th. As of the latest earnings report the EPS was $0.41 and is projected to be $0.32 for the current year with 60,595,000 shares now outstanding. The company had revenue of $71.90 million during the quarter, compared to analysts' expectations of $73.82 million. National CineMedia had a net margin of 5.57% and a negative return on equity of 17.15%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. Next quarter's EPS is estimated at $0.08 and the next full year EPS is projected to be $0.39. On average, equities analysts forecast that National CineMedia, Inc. will post $0.32 earnings per share for the current fiscal year. (NASDAQ:NCMI) have earned a consensus recommendation of "Hold" from the nine research firms that are now covering the stock, Marketbeat reports. If you are accessing this piece on another site, it was illegally copied and reposted in violation of US & worldwide trademark and copyright legislation. The legal version of this story can be read at https://www.baseball-news-blog.com/2017/08/06/national-cinemedia-inc-ncmi-shares-bought-by-renaissance-technologies-llc-updated-updated.html.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Saturday, August 12th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 12.77%. National CineMedia's payout ratio is 220.01%. Marshall Wace North America L.p. expanded its holdings by buying 263,584 shares an increase of 708.6% from 03/31/2017 to 06/30/2017. Punch & Associates Investment Management Inc. boosted its stake in National CineMedia by 84.2% in the first quarter. Vanguard Group Inc. now owns 4,906,666 shares of the business services provider's stock valued at $61,970,000 after buying an additional 175,132 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in National CineMedia by 189.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,129,415 shares of the business services provider's stock valued at $26,894,000 after buying an additional 15,168 shares during the period. Supplemental Annuity Collective Trust of NJ acquired a new stake in National CineMedia during the first quarter valued at $379,000. Mondrian Investment Partners LTD raised its stake in shares of National CineMedia by 89.0% in the second quarter. Stifel Financial Corp purchased a new stake in National CineMedia during the first quarter worth $186,000. Denver Investment Advisors LLC now owns 39,205 shares of the business services provider's stock worth $291,000 after buying an additional 2,875 shares during the period.

Gotham Asset Management LLC boosted its position in National CineMedia, Inc.

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC).

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