Hudson Bay Capital Management LP acquired a new stake in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 684,682 shares of the business services provider's stock, valued at approximately $4,546,000. Hudson Bay Capital Management LP owned approximately 0.72% of National CineMedia at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of NCMI. Summit Securities Group LLC acquired a new stake in National CineMedia during the 4th quarter worth $53,000. BNP Paribas Financial Markets bought a new stake in shares of National CineMedia in the 4th quarter valued at about $57,000. DRW Securities LLC bought a new position in National CineMedia in the 4th quarter valued at about $73,000. Quarry LP bought a new position in shares of National CineMedia in the fourth quarter worth $91,000. Finally, Ieq Capital LLC acquired a new position in shares of National CineMedia during the 4th quarter worth $93,000. Institutional investors own 69.49% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. B. Riley lowered shares of National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a report on Friday. StockNews.com cut shares of National CineMedia from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Wedbush reiterated an "outperform" rating and issued a $7.50 target price on shares of National CineMedia in a research note on Thursday, May 1st. Benchmark reaffirmed a "buy" rating and set a $8.00 target price on shares of National CineMedia in a report on Friday, March 7th. Finally, William Blair reaffirmed a "neutral" rating and issued a $7.50 target price on shares of National CineMedia in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7.20.
View Our Latest Analysis on NCMI
National CineMedia Stock Up 0.4%
Shares of NASDAQ:NCMI traded up $0.02 during trading hours on Friday, hitting $5.11. The company's stock had a trading volume of 857,529 shares, compared to its average volume of 633,836. The company has a market capitalization of $481.89 million, a price-to-earnings ratio of -20.44 and a beta of 2.12. The firm's fifty day moving average price is $5.72 and its 200 day moving average price is $6.40. National CineMedia, Inc. has a 52 week low of $4.12 and a 52 week high of $7.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46.
National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The business services provider reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). The firm had revenue of $34.90 million for the quarter, compared to analyst estimates of $35.13 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. As a group, research analysts expect that National CineMedia, Inc. will post -0.12 EPS for the current year.
National CineMedia Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, May 16th. National CineMedia's dividend payout ratio is currently -63.16%.
Insider Buying and Selling at National CineMedia
In other National CineMedia news, major shareholder Blantyre Capital Ltd acquired 103,685 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $5.18 per share, with a total value of $537,088.30. Following the completion of the acquisition, the insider now directly owns 10,310,433 shares of the company's stock, valued at approximately $53,408,042.94. The trade was a 1.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.
National CineMedia Company Profile
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Free Report)
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.
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