Goldman Sachs Group Inc. Acquires 120,079 Shares of National CineMedia, Inc. $NCMI

Key Points

• Goldman Sachs Group Inc. increased its holdings in National CineMedia by 21.3%, owning approximately 0.72% of the company, valued at $3,992,000.
• National CineMedia announced a quarterly dividend of $0.03 per share, representing a yield of 2.5%, with a negative payout ratio of -57.14%.
• Wall Street analysts have mixed ratings on National CineMedia, with three analysts giving a Buy rating and three assigning a Hold rating, and a consensus target price of $6.90.

Goldman Sachs Group Inc. lifted its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 683,614 shares of the business services provider's stock after purchasing an additional 120,079 shares during the period. Goldman Sachs Group Inc. owned about 0.72% of National CineMedia worth $3,992,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in shares of National CineMedia by 2.5% in the fourth quarter. Northern Trust Corp now owns 657,802 shares of the business services provider's stock worth $4,368,000 after purchasing an additional 16,297 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in National CineMedia by 89.4% in the fourth quarter. Ameriprise Financial Inc. now owns 88,565 shares of the business services provider's stock worth $588,000 after acquiring an additional 41,800 shares during the period. BNP Paribas Financial Markets bought a new position in National CineMedia in the 4th quarter worth $57,000. Bank of America Corp DE raised its holdings in National CineMedia by 68.7% in the 4th quarter. Bank of America Corp DE now owns 82,730 shares of the business services provider's stock worth $549,000 after purchasing an additional 33,686 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of National CineMedia by 122.4% during the fourth quarter. Deutsche Bank AG now owns 83,863 shares of the business services provider's stock valued at $557,000 after buying an additional 46,163 shares during the period. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other National CineMedia news, EVP Maria Vg Woods sold 9,038 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $4.82, for a total transaction of $43,563.16. Following the completion of the transaction, the executive vice president owned 111,246 shares in the company, valued at $536,205.72. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.25% of the company's stock.

National CineMedia Stock Up 2.1%

NASDAQ:NCMI traded up $0.10 during mid-day trading on Thursday, hitting $4.85. 366,827 shares of the company traded hands, compared to its average volume of 417,801. The stock's fifty day moving average price is $4.64 and its 200-day moving average price is $5.18. National CineMedia, Inc. has a one year low of $4.12 and a one year high of $7.60. The firm has a market cap of $454.49 million, a price-to-earnings ratio of -23.09 and a beta of 1.97.

National CineMedia (NASDAQ:NCMI - Get Free Report) last released its earnings results on Tuesday, August 5th. The business services provider reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). The company had revenue of $51.80 million for the quarter, compared to analysts' expectations of $59.45 million. National CineMedia had a negative net margin of 8.62% and a negative return on equity of 3.51%. National CineMedia has set its Q3 2025 guidance at EPS. Equities analysts predict that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, August 15th. National CineMedia's payout ratio is -57.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Benchmark reduced their target price on shares of National CineMedia from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Wedbush set a $7.00 target price on National CineMedia and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Zacks Research upgraded shares of National CineMedia from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, National CineMedia presently has an average rating of "Moderate Buy" and an average price target of $6.90.

National CineMedia Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment 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.