Barclays PLC Sells 85,784 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Barclays PLC trimmed its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,129,729 shares of the business services provider's stock after selling 85,784 shares during the quarter. Barclays PLC owned 1.19% of National CineMedia worth $7,502,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of National CineMedia during the fourth quarter worth $53,000. DRW Securities LLC acquired a new stake in shares of National CineMedia in the 4th quarter valued at about $73,000. Ieq Capital LLC bought a new stake in shares of National CineMedia in the fourth quarter valued at about $93,000. Catalyst Funds Management Pty Ltd boosted its position in shares of 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 buying an additional 15,300 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of National CineMedia by 25.8% during the fourth quarter. Wells Fargo & Company MN now owns 40,931 shares of the business services provider's stock worth $272,000 after buying an additional 8,390 shares in the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Blantyre Capital Ltd acquired 103,685 shares of National CineMedia stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $5.18 per share, with a total value of $537,088.30. Following the completion of the acquisition, the insider now owns 10,310,433 shares in the company, valued at approximately $53,408,042.94. This trade represents a 1.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

National CineMedia Trading Up 4.2 %

Shares of NCMI stock traded up $0.25 during mid-day trading on Tuesday, hitting $6.14. The company's stock had a trading volume of 107,930 shares, compared to its average volume of 613,118. 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 quick ratio of 2.46 and a current ratio of 2.46. The company's fifty day simple moving average is $5.98 and its 200-day simple moving average is $6.53. The company has a market cap of $584.00 million, a PE ratio of -24.38 and a beta of 1.92.

National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its earnings results on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The company had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.77 million. As a group, equities research analysts expect that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

National CineMedia Announces Dividend

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

Analysts Set New Price Targets

NCMI has been the subject of several research reports. Benchmark reaffirmed a "buy" rating and set a $8.00 price target on shares of National CineMedia in a research note on Friday, March 7th. StockNews.com upgraded shares of National CineMedia from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Wedbush raised National CineMedia from a "neutral" rating to an "outperform" rating and set a $7.50 price objective for the company in a research report on Friday, March 14th. William Blair restated a "neutral" rating and set a $7.50 target price on shares of National CineMedia in a research note on Friday, March 7th. Finally, Barrington Research restated an "outperform" rating and issued a $7.00 price target on shares of National CineMedia in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, National CineMedia has a consensus 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.