National CineMedia, Inc. (NASDAQ:NCMI) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC reduced its stake in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,908,221 shares of the business services provider's stock after selling 95,507 shares during the quarter. Ancora Advisors LLC owned approximately 2.01% of National CineMedia worth $12,671,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kings Path Partners LLC purchased a new position in National CineMedia during the fourth quarter valued at $408,000. Harbor Capital Advisors Inc. grew its stake in National CineMedia by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 476,468 shares of the business services provider's stock worth $3,164,000 after acquiring an additional 7,130 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of National CineMedia by 39.7% during the fourth quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider's stock valued at $287,000 after purchasing an additional 12,281 shares in the last quarter. Rhumbline Advisers boosted its holdings 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 buying an additional 3,219 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in shares of National CineMedia in the fourth quarter valued at about $93,000. Hedge funds and other institutional investors own 69.49% of the company's stock.

National CineMedia Stock Performance

NASDAQ:NCMI traded down $0.12 during mid-day trading on Thursday, reaching $5.01. 542,177 shares of the stock were exchanged, compared to its average volume of 627,241. 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, Inc. has a 1 year low of $4.12 and a 1 year high of $7.60. The stock has a market capitalization of $476.91 million, a P/E ratio of -20.04 and a beta of 2.12. The company has a 50 day simple moving average of $5.82 and a 200-day simple moving average of $6.48.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 9.49% and a negative return on equity of 2.61%. Analysts anticipate that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

National CineMedia Announces Dividend

The business also recently announced a -- dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 24th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, March 24th. National CineMedia's payout ratio is presently -52.17%.

Insider Transactions at National CineMedia

In other National CineMedia news, major shareholder Blantyre Capital Ltd acquired 300,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $5.12 per share, with a total value of $1,536,000.00. Following the completion of the acquisition, 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 filing with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of National CineMedia from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Barrington Research reaffirmed an "outperform" rating and issued a $7.00 target price on shares of National CineMedia in a research report on Friday, March 14th. William Blair reissued a "neutral" rating and issued a $7.50 price target on shares of National CineMedia in a research note on Friday, March 7th. Wedbush reaffirmed an "outperform" rating and set a $7.50 price objective on shares of National CineMedia in a report on Thursday, May 1st. Finally, Benchmark restated a "buy" rating and issued a $8.00 price target on shares of National CineMedia in a report on Friday, March 7th. Two equities 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.