Hudson Bay Capital Management LP Invests $4.55 Million in National CineMedia, Inc. (NASDAQ:NCMI)

Hudson Bay Capital Management LP purchased a new stake in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 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 the business. Summit Securities Group LLC bought a new stake in National CineMedia during the 4th quarter worth approximately $53,000. BNP Paribas Financial Markets bought a new stake in National CineMedia during the 4th quarter worth approximately $57,000. DRW Securities LLC bought a new position in shares of National CineMedia in the 4th quarter worth $73,000. Quarry LP bought a new position in shares of National CineMedia in the 4th quarter worth $91,000. Finally, Ieq Capital LLC bought a new position in shares of National CineMedia in the 4th quarter worth $93,000. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. William Blair reissued a "neutral" rating and issued a $7.50 price target on shares of National CineMedia in a report on Friday, March 7th. StockNews.com lowered shares of National CineMedia from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. 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. Wedbush reaffirmed an "outperform" rating and set a $7.50 target price on shares of National CineMedia in a report on Thursday, May 1st. Finally, Barrington Research reaffirmed an "outperform" rating and set a $7.00 target price on shares of National CineMedia in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.20.

National CineMedia Trading Up 0.4%

NCMI traded up $0.02 during trading on Friday, hitting $5.11. 857,529 shares of the stock traded hands, compared to its average volume of 633,523. The firm has a 50-day moving average of $5.71 and a 200 day moving average of $6.37. National CineMedia, Inc. has a 12-month low of $4.12 and a 12-month 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. The firm has a market capitalization of $481.89 million, a P/E ratio of -20.44 and a beta of 2.12.

National CineMedia (NASDAQ:NCMI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The business services provider reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The company had revenue of $34.90 million during the quarter, compared to analysts' expectations of $35.13 million. Equities research analysts anticipate that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.03 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.12 annualized dividend and a dividend yield of 2.35%. National CineMedia's dividend payout ratio is -63.16%.

Insider Transactions at National CineMedia

In other National CineMedia news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $5.18 per share, with a total value of $537,088.30. Following the transaction, the insider now directly owns 10,310,433 shares in the company, valued at approximately $53,408,042.94. The trade was a 1.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company's stock.

National CineMedia Company 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.