Hotchkis & Wiley Capital Management LLC Sells 785,400 Shares of National CineMedia, Inc. $NCMI

Key Points

• Hotchkis & Wiley Capital Management LLC has reduced its position in National CineMedia, Inc. by 11.2%, selling 785,400 shares during the first quarter, and now owns 6,230,077 shares valued at approximately $36.4 million.
• The company reported $51.80 million in revenue for the last quarter, falling short of analyst estimates of $59.45 million, with an EPS of ($0.11) that met expectations.
• National CineMedia has announced a quarterly dividend of $0.03, with a yield of 2.6%, set to be paid on August 29th, and a dividend payout ratio of -57.14%.

Hotchkis & Wiley Capital Management LLC trimmed its stake in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 11.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,230,077 shares of the business services provider's stock after selling 785,400 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 6.61% of National CineMedia worth $36,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in National CineMedia by 502.0% during the first quarter. GAMMA Investing LLC now owns 5,081 shares of the business services provider's stock valued at $30,000 after purchasing an additional 4,237 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of National CineMedia in the 4th quarter worth approximately $57,000. Kapitalo Investimentos Ltda acquired a new position in shares of National CineMedia in the 1st quarter worth approximately $63,000. Quarry LP acquired a new position in shares of National CineMedia in the 4th quarter worth approximately $91,000. Finally, CWM LLC boosted its holdings in shares of National CineMedia by 66.9% in the 1st quarter. CWM LLC now owns 14,873 shares of the business services provider's stock worth $87,000 after acquiring an additional 5,961 shares in the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NCMI has been the topic of several recent analyst reports. Benchmark reduced their target price on National CineMedia from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Wedbush set a $7.00 target price on National CineMedia and gave the stock an "outperform" rating in a report on Monday, August 4th. Wall Street Zen downgraded National CineMedia from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, B. Riley downgraded National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 target price on the stock. in a report on Friday, May 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.90.

Insider Activity at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 9,038 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $4.82, for a total transaction of $43,563.16. Following the completion of the sale, the executive vice president owned 111,246 shares in the company, valued at approximately $536,205.72. The trade was a 7.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.

National CineMedia Stock Performance

NCMI stock remained flat at $4.32 during trading on Wednesday. 260,119 shares of the company traded hands, compared to its average volume of 668,950. The company has a 50 day simple moving average of $4.76 and a 200-day simple moving average of $5.44. National CineMedia, Inc. has a 1 year low of $4.12 and a 1 year high of $7.60. The company has a market cap of $404.83 million, a PE ratio of -20.57 and a beta of 2.14.

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

National CineMedia Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, August 15th. This represents a $0.12 annualized dividend and a dividend yield of 2.8%. National CineMedia's payout ratio is presently -57.14%.

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.