National CineMedia, Inc. (NASDAQ:NCMI) Major Shareholder Blantyre Capital Ltd Acquires 300,000 Shares of Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder Blantyre Capital Ltd purchased 300,000 shares of National CineMedia stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $5.12 per share, for a total transaction of $1,536,000.00. Following the completion of the transaction, the insider now owns 10,250,721 shares in the company, valued at $52,483,691.52. The trade was a 3.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Blantyre Capital Ltd also recently made the following trade(s):

• On Monday, March 10th, Blantyre Capital Ltd purchased 103,685 shares of National CineMedia stock. The shares were bought at an average price of $5.18 per share, for a total transaction of $537,088.30.

National CineMedia Trading Down 0.7 %

NCMI opened at $5.35 on Wednesday. The stock has a market cap of $507.80 million, a PE ratio of -21.40 and a beta of 2.19. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $6.59 and a 200-day moving average of $6.78. National CineMedia, Inc. has a 52 week low of $3.71 and a 52 week high of $7.60.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $86.30 million during the quarter, compared to analysts’ expectations of $84.77 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.

Wall Street Analysts Forecast Growth

NCMI has been the subject of several research analyst reports. StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday. Wedbush reiterated a “neutral” rating and issued a $7.50 price objective on shares of National CineMedia in a report on Wednesday, March 5th. Benchmark reiterated a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a report on Friday, March 7th. William Blair reiterated a “neutral” rating and issued a $7.50 price objective on shares of National CineMedia in a report on Friday, March 7th. Finally, Barrington Research dropped their price objective on National CineMedia from $8.25 to $7.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in shares of 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 purchasing an additional 3,219 shares during the period. Price T Rowe Associates Inc. MD raised its stake in National CineMedia by 18.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,749 shares of the business services provider’s stock valued at $178,000 after buying an additional 4,084 shares during the last quarter. ProShare Advisors LLC raised its stake in National CineMedia by 46.4% during the fourth quarter. ProShare Advisors LLC now owns 19,611 shares of the business services provider’s stock valued at $130,000 after buying an additional 6,217 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in National CineMedia by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 476,468 shares of the business services provider’s stock valued at $3,164,000 after buying an additional 7,130 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in National CineMedia by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider’s stock valued at $4,840,000 after buying an additional 7,218 shares during the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

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.