National CineMedia, Inc. (NASDAQ:NCMI) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,749 shares of the business services provider’s stock after purchasing an additional 4,084 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in National CineMedia were worth $178,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NCMI. Rhumbline Advisers lifted its holdings in National CineMedia by 3.1% in the 4th quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider’s stock valued at $711,000 after acquiring an additional 3,219 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in National CineMedia by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider’s stock valued at $4,840,000 after acquiring an additional 7,218 shares during the last quarter. Summit Securities Group LLC acquired a new stake in National CineMedia in the 4th quarter valued at about $53,000. Wells Fargo & Company MN lifted its holdings in National CineMedia by 25.8% in the 4th quarter. Wells Fargo & Company MN now owns 40,931 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 8,390 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in National CineMedia by 16.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 65,424 shares of the business services provider’s stock valued at $434,000 after acquiring an additional 9,147 shares during the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

Insider Transactions at National CineMedia

In other news, major shareholder Blantyre Capital Ltd acquired 103,685 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $5.18 per share, for a total transaction 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 approximately $53,408,042.94. This represents a 1.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NCMI has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research note on Friday, March 7th. William Blair reaffirmed a “neutral” rating and set a $7.50 price objective on shares of National CineMedia in a research note on Friday, March 7th. StockNews.com lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. B. Riley lowered shares of National CineMedia from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a research note on Friday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $7.00 price objective on shares of National CineMedia in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.20.

National CineMedia Price Performance

NASDAQ NCMI opened at $5.11 on Friday. The company has a 50 day simple moving average of $5.71 and a 200-day simple moving average of $6.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. The firm has a market capitalization of $481.89 million, a price-to-earnings ratio of -20.44 and a beta of 2.12. National CineMedia, Inc. has a 52-week low of $4.12 and a 52-week high of $7.60.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Tuesday, May 6th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The company had revenue of $34.90 million during the quarter, compared to analysts’ expectations of $35.13 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. Equities research analysts predict that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

National CineMedia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, May 16th. National CineMedia’s dividend payout ratio (DPR) is -63.16%.

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.