XTX Topco Ltd Takes Position in National CineMedia, Inc. (NASDAQ:NCMI)

XTX Topco Ltd purchased a new stake in National CineMedia, Inc. (NASDAQ:NCMI) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,287 shares of the business services provider’s stock, valued at approximately $142,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NCMI. Sycale Advisors NY LLC acquired a new stake in National CineMedia during the fourth quarter worth about $14,147,000. Hudson Bay Capital Management LP acquired a new stake in National CineMedia during the fourth quarter worth about $4,546,000. Panoramic Capital LLC acquired a new stake in National CineMedia during the fourth quarter worth about $1,247,000. Dimensional Fund Advisors LP grew its position in National CineMedia by 126.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 273,711 shares of the business services provider’s stock worth $1,817,000 after buying an additional 152,777 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in National CineMedia by 4.8% during the fourth quarter. Wellington Management Group LLP now owns 2,923,516 shares of the business services provider’s stock worth $19,412,000 after purchasing an additional 132,895 shares during the period. 69.49% of the stock is owned by institutional investors and hedge funds.

National CineMedia Price Performance

NCMI stock opened at $4.41 on Friday. The company has a 50 day moving average price of $4.91 and a 200 day moving average price of $5.58. National CineMedia, Inc. has a fifty-two week low of $4.12 and a fifty-two week high of $7.60. The stock has a market capitalization of $413.26 million, a PE ratio of -21.00 and a beta of 2.14.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Tuesday, August 5th. The business services provider reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). National CineMedia had a negative net margin of 8.62% and a negative return on equity of 3.51%. The firm had revenue of $51.80 million during the quarter, compared to analysts’ expectations of $59.45 million. As a group, equities analysts expect that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

National CineMedia Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 15th. National CineMedia’s payout ratio is -57.14%.

Insiders Place Their Bets

In other National CineMedia news, EVP Maria Vg Woods sold 9,038 shares of National CineMedia stock in a transaction on Monday, June 30th. The shares were sold at an average price of $4.82, for a total transaction of $43,563.16. Following the completion of the sale, the executive vice president owned 111,246 shares of the company’s stock, valued at approximately $536,205.72. The trade was a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NCMI. Wedbush set a $7.00 price target on shares of National CineMedia and gave the stock an “outperform” rating in a research note on Monday, August 4th. B. Riley cut shares of National CineMedia from a “buy” rating to a “neutral” rating and set a $6.00 target price for the company. in a research note on Friday, May 16th. Benchmark cut their target price on shares of National CineMedia from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, June 25th. Finally, Wall Street Zen cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, National CineMedia currently has an average rating of “Hold” and an average price target of $6.90.

National CineMedia 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.