First Eagle Investment Management LLC Has $10.17 Million Stock Holdings in National CineMedia, Inc. (NASDAQ:NCMI)

First Eagle Investment Management LLC trimmed its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 22.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,532,174 shares of the business services provider’s stock after selling 434,181 shares during the period. First Eagle Investment Management LLC’s holdings in National CineMedia were worth $10,174,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Victory Capital Management Inc. acquired a new position in shares of National CineMedia during the fourth quarter valued at about $669,000. Charles Schwab Investment Management Inc. grew its holdings in shares of 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. Oppenheimer Asset Management Inc. grew its holdings in shares of National CineMedia by 16.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 65,424 shares of the business services provider’s stock valued at $434,000 after buying an additional 9,147 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of National CineMedia during the fourth quarter valued at about $93,000. Finally, Rhumbline Advisers grew its holdings in shares of National CineMedia by 3.1% during the fourth quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider’s stock valued at $711,000 after buying an additional 3,219 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other National CineMedia news, major shareholder Blantyre Capital Ltd purchased 300,000 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $5.12 per share, with a total value of $1,536,000.00. Following the completion of the transaction, the insider now directly owns 10,250,721 shares in the company, valued at approximately $52,483,691.52. This trade represents a 3.01 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 66,987 shares in the company, valued at approximately $436,085.37. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

National CineMedia Stock Performance

Shares of NCMI stock opened at $5.95 on Friday. The firm has a market cap of $566.50 million, a price-to-earnings ratio of -23.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. National CineMedia, Inc. has a 52 week low of $4.05 and a 52 week high of $7.60. The firm’s 50-day simple moving average is $6.54 and its two-hundred day simple moving average is $6.75.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $86.30 million for 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%. As a group, equities analysts forecast that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday. Barrington Research reissued an “outperform” rating and set a $7.00 price target on shares of National CineMedia in a research report on Friday. Wedbush raised shares of National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 price target on the stock in a research report on Friday. Benchmark reissued a “buy” rating and set a $8.00 price target on shares of National CineMedia in a research report on Friday, March 7th. Finally, William Blair reissued a “neutral” rating and set a $7.50 price target on shares of National CineMedia in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.70.

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.