Wellington Management Group LLP Boosts Stake in 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 lifted its stake in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,538,933 shares of the business services provider's stock after purchasing an additional 615,417 shares during the quarter. Wellington Management Group LLP owned 3.75% of National CineMedia worth $20,667,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Sycale Advisors NY LLC acquired a new stake in National CineMedia in the fourth quarter valued at about $14,147,000. Hudson Bay Capital Management LP bought a new position in shares of National CineMedia during the fourth quarter worth about $4,546,000. Vanguard Group Inc. increased its holdings in National CineMedia by 5.6% in the first quarter. Vanguard Group Inc. now owns 4,358,287 shares of the business services provider's stock worth $25,452,000 after purchasing an additional 232,702 shares in the last quarter. Panoramic Capital LLC bought a new stake in National CineMedia in the fourth quarter worth approximately $1,247,000. Finally, Dimensional Fund Advisors LP increased its holdings in National CineMedia by 126.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 273,711 shares of the business services provider's stock worth $1,817,000 after purchasing an additional 152,777 shares in the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maria Vg Woods sold 9,038 shares of the business's stock in a transaction dated 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 directly owned 111,246 shares in the company, valued at $536,205.72. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company's stock.

National CineMedia Stock Up 3.3%

Shares of NASDAQ:NCMI traded up $0.14 during midday trading on Friday, reaching $4.39. 308,517 shares of the company traded hands, compared to its average volume of 664,175. National CineMedia, Inc. has a 12 month low of $4.12 and a 12 month high of $7.60. The firm has a market capitalization of $411.39 million, a price-to-earnings ratio of -20.90 and a beta of 2.14. The firm's fifty day moving average price is $4.72 and its two-hundred day moving average price is $5.41.

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

National CineMedia Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, August 15th. National CineMedia's payout ratio is presently -57.14%.

Analyst Upgrades and Downgrades

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