National CineMedia, Inc. (NASDAQ:NCMI) Shares Purchased by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 47.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,535 shares of the business services provider's stock after acquiring an additional 68,372 shares during the quarter. Boothbay Fund Management LLC owned about 0.22% of National CineMedia worth $1,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in National CineMedia by 3.1% in the 4th quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider's stock worth $711,000 after purchasing an additional 3,219 shares in the last quarter. Kings Path Partners LLC purchased a new position in National CineMedia during the fourth quarter worth approximately $408,000. SG Americas Securities LLC boosted its stake in 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 worth $287,000 after buying an additional 12,281 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in National CineMedia by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider's stock valued at $4,840,000 after buying an additional 7,218 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of National CineMedia by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider's stock worth $13,835,000 after acquiring an additional 15,605 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NCMI has been the subject of a number of analyst reports. Barrington Research reissued an "outperform" rating and issued a $7.00 price objective on shares of National CineMedia in a 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. Benchmark reaffirmed a "buy" rating and set a $8.00 price target on shares of National CineMedia in a research report on Friday, March 7th. StockNews.com raised National CineMedia from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $7.50 price target on shares of National CineMedia in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.70.

National CineMedia Trading Up 0.5 %

Shares of NASDAQ NCMI traded up $0.03 during trading on Friday, reaching $5.68. The stock had a trading volume of 703,126 shares, compared to its average volume of 621,025. 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 has a market cap of $540.69 million, a P/E ratio of -22.72 and a beta of 1.92. National CineMedia, Inc. has a fifty-two week low of $4.12 and a fifty-two week high of $7.60. The business's 50-day moving average price is $5.89 and its 200-day moving average price is $6.51.

National CineMedia (NASDAQ:NCMI - Get Free Report) last released its earnings results on Thursday, March 6th. The business services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $86.30 million during the quarter, compared to the consensus estimate 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, equities research analysts predict that National CineMedia, Inc. will post -0.12 EPS for the current fiscal year.

National CineMedia Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 24th were paid a $0.03 dividend. The ex-dividend date was Monday, March 24th. National CineMedia's dividend payout ratio is presently -52.17%.

Insiders Place Their Bets

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 purchased 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 directly owns 10,310,433 shares of the company's stock, valued at $53,408,042.94. This trade represents a 1.02 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

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.