National CineMedia, Inc. (NASDAQ:NCMI) Stock Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in National CineMedia, Inc. (NASDAQ:NCMI) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,051 shares of the business services provider’s stock after selling 5,406 shares during the quarter. Bank of New York Mellon Corp owned about 0.18% of National CineMedia worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NCMI. Charles Schwab Investment Management Inc. raised its stake in National CineMedia by 240.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after acquiring an additional 509,756 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of National CineMedia by 5.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock valued at $48,905,000 after purchasing an additional 365,360 shares in the last quarter. State Street Corp lifted its holdings in National CineMedia by 23.8% in the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock worth $8,160,000 after purchasing an additional 222,498 shares during the period. National Bank of Canada FI grew its position in National CineMedia by 98.0% in the 3rd quarter. National Bank of Canada FI now owns 153,492 shares of the business services provider’s stock valued at $1,082,000 after buying an additional 75,978 shares in the last quarter. Finally, Kings Path Partners LLC bought a new stake in shares of National CineMedia during the 4th quarter worth about $408,000. Institutional investors own 69.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

National CineMedia Price Performance

NCMI stock opened at $5.83 on Tuesday. The firm has a 50-day moving average of $6.49 and a two-hundred day moving average of $6.71. The firm has a market capitalization of $555.07 million, a PE ratio of -23.32 and a beta of 2.19. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a one year low of $4.12 and a one year high of $7.60.

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

National CineMedia Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Monday, April 7th. Shareholders 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 payout ratio is presently -52.17%.

Insider Buying and Selling at National CineMedia

In other news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $6.51, for a total transaction of $154,560.42. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Blantyre Capital Ltd acquired 103,685 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price 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 represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

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.