D. E. Shaw & Co. Inc. Has $486,000 Stock Holdings in National CineMedia, Inc. (NASDAQ:NCMI)

D. E. Shaw & Co. Inc. boosted its position in National CineMedia, Inc. (NASDAQ:NCMI) by 16.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,127 shares of the business services provider’s stock after buying an additional 10,466 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.08% of National CineMedia worth $486,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in National CineMedia by 122.4% during the 4th quarter. Deutsche Bank AG now owns 83,863 shares of the business services provider’s stock valued at $557,000 after purchasing an additional 46,163 shares during the last quarter. Bank of America Corp DE boosted its position in shares of National CineMedia by 68.7% during the fourth quarter. Bank of America Corp DE now owns 82,730 shares of the business services provider’s stock valued at $549,000 after buying an additional 33,686 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in National CineMedia during the fourth quarter worth $57,000. Ameriprise Financial Inc. raised its position in National CineMedia by 89.4% in the 4th quarter. Ameriprise Financial Inc. now owns 88,565 shares of the business services provider’s stock valued at $588,000 after buying an additional 41,800 shares during the last quarter. Finally, Northern Trust Corp raised its position in National CineMedia by 2.5% in the 4th quarter. Northern Trust Corp now owns 657,802 shares of the business services provider’s stock valued at $4,368,000 after buying an additional 16,297 shares during the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

National CineMedia Stock Down 0.8%

Shares of National CineMedia stock opened at $4.90 on Monday. The company’s fifty day simple moving average is $5.64 and its two-hundred day simple moving average is $6.30. National CineMedia, Inc. has a 12-month low of $4.12 and a 12-month high of $7.60. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The company has a market cap of $462.09 million, a P/E ratio of -19.60 and a beta of 2.12.

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

National CineMedia Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.03 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.45%. National CineMedia’s dividend payout ratio (DPR) is currently -63.16%.

Insider Buying and Selling

In related news, major shareholder Blantyre Capital Ltd acquired 103,685 shares of the stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $5.18 per share, with a total value of $537,088.30. Following the transaction, the insider now directly owns 10,310,433 shares in the company, valued at approximately $53,408,042.94. This represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective on shares of National CineMedia in a research note on Friday, March 14th. B. Riley lowered National CineMedia from a “buy” rating to a “neutral” rating and set a $6.00 target price for the company. in a report on Friday, May 16th. Wedbush reaffirmed an “outperform” rating and set a $7.50 price target on shares of National CineMedia in a research report on Thursday, May 1st. William Blair reissued a “neutral” rating and issued a $7.50 price objective on shares of National CineMedia in a research report on Friday, March 7th. Finally, Wall Street Zen downgraded National CineMedia from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, National CineMedia currently has an average rating of “Hold” and an average target price of $7.20.

About National CineMedia

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.