Wellington Management Group LLP Purchases 615,417 Shares of National CineMedia, Inc. $NCMI

Key Points

• Wellington Management Group LLP increased its stake in National CineMedia, acquiring 615,417 shares, bringing its total ownership to approximately 3.75% valued at $20.7 million.
• Analysts have recently adjusted their price targets on National CineMedia, with Benchmark lowering its target from $8.00 to $7.00, while B. Riley set a new target of $6.00.
• The company announced a quarterly dividend of $0.03 per share, representing a 2.7% yield, to be paid to shareholders of record on August 15th.

Wellington Management Group LLP raised its position in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 21.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,538,933 shares of the business services provider's stock after buying an additional 615,417 shares during the period. Wellington Management Group LLP owned about 3.75% of National CineMedia worth $20,667,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NCMI. Sycale Advisors NY LLC purchased a new stake in National CineMedia during the 4th quarter valued at $14,147,000. Hudson Bay Capital Management LP purchased a new stake in National CineMedia during the 4th quarter valued at $4,546,000. Vanguard Group Inc. boosted its position in National CineMedia by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 4,358,287 shares of the business services provider's stock valued at $25,452,000 after buying an additional 232,702 shares during the period. Panoramic Capital LLC purchased a new stake in National CineMedia during the 4th quarter valued at $1,247,000. Finally, Dimensional Fund Advisors LP boosted its position in National CineMedia by 126.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 273,711 shares of the business services provider's stock valued at $1,817,000 after buying an additional 152,777 shares during the period. Hedge funds and other institutional investors own 69.49% of the company's stock.

National CineMedia Stock Performance

Shares of National CineMedia stock traded up $0.14 during trading on Friday, hitting $4.39. The company's stock had a trading volume of 308,517 shares, compared to its average volume of 539,097. The company has a fifty day simple moving average of $4.71 and a two-hundred day simple moving average of $5.37. The company has a market capitalization of $411.39 million, a PE ratio of -20.90 and a beta of 1.97. National CineMedia, Inc. has a 52 week low of $4.12 and a 52 week high of $7.60.

National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $51.80 million during the quarter, compared to analyst estimates 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. As a group, analysts predict that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, August 15th. National CineMedia's dividend payout ratio (DPR) is presently -57.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NCMI shares. Wedbush set a $7.00 target price on shares of National CineMedia and gave the stock an "outperform" rating in a research report on Monday, August 4th. Wall Street Zen cut shares of National CineMedia from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Benchmark dropped their target price on shares of National CineMedia from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Finally, B. Riley cut shares of National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 target price for the company. in a research report on Friday, May 16th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $6.90.

Insider Activity

In related news, EVP Maria Vg Woods sold 9,038 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $4.82, for a total value of $43,563.16. Following the completion of the transaction, the executive vice president directly owned 111,246 shares in the company, valued at $536,205.72. This trade represents a 7.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.

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.