100,699 Shares in National CineMedia, Inc. (NASDAQ:NCMI) Bought by Victory Capital Management Inc.

Victory Capital Management Inc. bought a new position in shares of National CineMedia, Inc. (NASDAQ:NCMI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,699 shares of the business services provider’s stock, valued at approximately $669,000. Victory Capital Management Inc. owned about 0.11% of National CineMedia at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ieq Capital LLC bought a new position in National CineMedia during the fourth quarter valued at about $93,000. Intech Investment Management LLC bought a new position in National CineMedia during the third quarter valued at about $97,000. Centiva Capital LP bought a new position in National CineMedia during the third quarter valued at about $219,000. SG Americas Securities LLC raised its holdings in National CineMedia by 39.7% during the fourth quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider’s stock valued at $287,000 after buying an additional 12,281 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new position in National CineMedia during the third quarter valued at about $292,000. 69.49% of the stock is currently owned by institutional investors.

National CineMedia Trading Down 1.7 %

National CineMedia stock opened at $5.72 on Friday. National CineMedia, Inc. has a 52 week low of $4.12 and a 52 week high of $7.60. The firm has a market capitalization of $544.60 million, a PE ratio of -22.88 and a beta of 2.19. The business’s 50-day simple moving average is $6.49 and its 200-day simple moving average is $6.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Thursday, March 6th. The business services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The business had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.77 million. Equities research analysts forecast that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

National CineMedia Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 24th will be given a dividend of $0.03 per share. The ex-dividend date is Monday, March 24th. National CineMedia’s dividend payout ratio (DPR) is presently -52.17%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barrington Research restated an “outperform” rating and set a $7.00 target price on shares of National CineMedia in a report on Friday, March 14th. Benchmark restated a “buy” rating and set a $8.00 target price on shares of National CineMedia in a report on Friday, March 7th. Wedbush upgraded National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 price objective on the stock in a research note on Friday, March 14th. StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, William Blair reiterated a “neutral” rating and issued a $7.50 price objective on shares of National CineMedia in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.70.

Insider Buying and Selling

In related news, major shareholder Blantyre Capital Ltd acquired 103,685 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $5.18 per share, with a total value of $537,088.30. Following the completion of the acquisition, the insider now owns 10,310,433 shares of the company’s stock, valued at $53,408,042.94. This trade represents a 1.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $6.51, for a total value of $154,560.42. Following the sale, the executive vice president now directly owns 66,987 shares in the company, valued at $436,085.37. The trade was a 26.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

National CineMedia Company 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.