National CineMedia (NCMI) : Mondrian Investment Partners Ltd scooped up 21,358 additional shares in National CineMedia during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 282,576 shares of National CineMedia which is valued at $4,365,799.National CineMedia makes up approximately 0.10% of Mondrian Investment Partners Ltd’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in NCMI by selling 1,156 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 129,058 shares of NCMI which is valued at $1,993,946.First Dallas Securities boosted its stake in NCMI in the latest quarter, The investment management firm added 749 additional shares and now holds a total of 17,173 shares of National CineMedia which is valued at $269,444. National CineMedia makes up approx 0.20% of First Dallas Securities’s portfolio.Lasalle Street Capital Management boosted its stake in NCMI in the latest quarter, The investment management firm added 354 additional shares and now holds a total of 15,236 shares of National CineMedia which is valued at $236,463. National CineMedia makes up approx 0.22% of Lasalle Street Capital Management’s portfolio.Lasalle Street Capital Management boosted its stake in NCMI in the latest quarter, The investment management firm added 354 additional shares and now holds a total of 15,236 shares of National CineMedia which is valued at $236,463. National CineMedia makes up approx 0.22% of Lasalle Street Capital Management’s portfolio. Eqis Capital Management sold out all of its stake in NCMI during the most recent quarter. The investment firm sold 11,125 shares of NCMI which is valued $176,776.
National CineMedia opened for trading at $15.4 and hit $15.58 on the upside on Thursday, eventually ending the session at $15.51, with a gain of 0.39% or 0.06 points. The heightened volatility saw the trading volume jump to 1,71,705 shares. Company has a market cap of $968 M.
On the company’s financial health, National CineMedia reported $-0.5 EPS for the quarter, missing the analyst consensus estimate by $ -0.46 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $-0.04. The company had revenue of $76.20 million for the quarter, compared to analysts expectations of $73.39 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.
Many Wall Street Analysts have commented on National CineMedia. National CineMedia was Downgraded by Stifel to ” Hold” on Jul 20, 2016. Shares were Reiterated by The Benchmark Company on May 6, 2016 to “Buy” and Lowered the Price Target to $ 18.76 from a previous price target of $19.77 .
National CineMedia Inc. (NCM Inc.) is a holding company that manages its consolidated subsidiary National CineMedia LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America through which it sells in-theatre and online advertising and promotions. The Company’s advertising and entertainment pre-show called FirstLook lobby entertainment network (LEN) programming and Fathom Events are distributed across its digital content network (DCN) utilizing its digital content software (DCS). NCM Inc. has no business operations or material assets other than its cash and ownership interest of approximately 45.8% of the common membership units in NCM LLC as of January 1 2015. The Company also sells advertising programming on other forms of advertising and promotions in theatre lobbies and across its online network and a mobile app called Movie Night Out.