It is trading at $7.04 which is slightly above $6.67, the stock’s 50 day moving average and a tad below the 200 day moving average of $7.67. The 50 day moving average went up $0.37 or +5.47% and the 200 day average went down $-0.63 or -8.26%. 306K shares changed hands by the end of trading on Tuesday. Volume was down 58.54% under the stocks average daily volume.
Traders are more bearish on shares of the company lately if you consider the increase in short interest. The stock experienced a rise in short interest of 26.33% as of September 29, 2017 from the last reporting period. Short shares increased 676,778 over that period. With short interest at 3,247,539 and short average daily volume at 838,828, the short-interest ratio is 4.0 and the short interest percentage is 0.05% as of September 29.
A few notable investment firms have updated their holdings. Quadrant Capital Group LLC grew its holdings by buying 66 shares an increase of 34.7% in the quarter. Quadrant Capital Group LLC claims 256 shares worth $1,000. The total value of its holdings increased inf%. As of the end of the quarter Meeder Asset Management Inc had disposed of a total of 293 shares trimming its holdings by 12.5%. The value of the investment in NCMI decreased from $17,000 to $14,000 a change of $3,000 quarter over quarter.
As of quarter end Bank Of Montreal /can/ had sold 5,268 shares trimming its stake by 52.8%. The value in dollars went from $74,000 to $33,000 a change of 55.4% quarter to quarter. Skylands Capital, LLC bolstered its position by buying 236,400 shares an increase of 41.1% as of 09/30/2017. Skylands Capital, LLC now holds 812,150 shares with a value of $5,669,000. The value of the position overall is up by 32.7%.
Equity analyst Wedbush started covering NCMI by announcing an initial rating of “Neutral”. September 28 investment analysts at Credit Suisse held the stock rating at “Neutral” but lowered the price expectation to $7.00 from $21.00.
The company is down by 0.14%% since yesterday’s close of 7.05. The company recently declared a dividend paid on Thursday the 31st of August 2017. The dividend was $0.220 per share for the quarter which comes to $0.88 on an annualized basis. This dividend represents a yield of $12.34 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 9th of August 2017.
The most current P/E ratio is 22.00 and the market value is 426.72M. In the last earnings report the EPS was $0.32 and is projected to be $0.29 for the current year with 60,614,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.25 with next year’s EPS anticipated to be $0.35.
National CineMedia, Inc. (NCM, Inc.), launched on October 5, 2006, is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements. It is involved in the sale of advertising to national, regional and local businesses in First Look, its cinema advertising and entertainment pre-show seen on movie screens across the United States It also sells advertising on its Lobby Entertainment Network (LEN), a series of screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies..