7,908 Shares in National CineMedia, Inc. (NASDAQ:NCMI) Acquired by Summit Securities Group LLC

Summit Securities Group LLC acquired a new stake in shares of National CineMedia, Inc. (NASDAQ:NCMI) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,908 shares of the business services provider’s stock, valued at approximately $53,000.

Other large investors have also bought and sold shares of the company. Ieq Capital LLC purchased a new position in shares of National CineMedia during the 4th quarter valued at $93,000. Intech Investment Management LLC purchased a new stake in National CineMedia during the third quarter valued at about $97,000. Catalyst Funds Management Pty Ltd boosted its position in National CineMedia by 510.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 18,300 shares of the business services provider’s stock worth $122,000 after purchasing an additional 15,300 shares during the period. Centiva Capital LP purchased a new position in shares of National CineMedia in the third quarter worth about $219,000. Finally, SG Americas Securities LLC increased its stake in shares of National CineMedia by 39.7% in the fourth quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider’s stock worth $287,000 after purchasing an additional 12,281 shares in the last quarter. 69.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NCMI has been the subject of several analyst reports. William Blair reaffirmed a “neutral” rating and issued a $7.50 price objective on shares of National CineMedia in a report on Friday, March 7th. Wedbush upgraded National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 target price on the stock in a research report on Friday, March 14th. Benchmark reiterated a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research report on Friday, March 7th. Barrington Research reissued an “outperform” rating and set a $7.00 price objective on shares of National CineMedia in a report on Friday, March 14th. Finally, StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, National CineMedia currently has an average rating of “Moderate Buy” and an average target price of $7.70.

National CineMedia Price Performance

National CineMedia stock opened at $5.61 on Monday. The business has a 50-day simple moving average of $6.45 and a 200 day simple moving average of $6.69. National CineMedia, Inc. has a 52 week low of $4.12 and a 52 week high of $7.60. The stock has a market cap of $534.13 million, a price-to-earnings ratio of -22.44 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.

National CineMedia (NASDAQ:NCMI) last issued 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 company had revenue of $86.30 million during the quarter, compared to analyst estimates of $84.77 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. On average, research analysts forecast 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 — dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 24th will be given a dividend of $0.03 per share. The ex-dividend date is Monday, March 24th. National CineMedia’s dividend payout ratio (DPR) is currently -52.17%.

Insider Activity

In other news, major shareholder Blantyre Capital Ltd acquired 300,000 shares of National CineMedia stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $5.12 per share, for a total transaction of $1,536,000.00. Following the transaction, the insider now owns 10,250,721 shares of the company’s stock, valued at $52,483,691.52. This trade represents a 3.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

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.