Wellington Management Group LLP Has $19.41 Million Stock Position in National CineMedia, Inc. (NASDAQ:NCMI)

Wellington Management Group LLP lifted its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,923,516 shares of the business services provider's stock after purchasing an additional 132,895 shares during the quarter. Wellington Management Group LLP owned approximately 3.07% of National CineMedia worth $19,412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Rhumbline Advisers increased its position in National CineMedia by 3.1% during the fourth quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider's stock worth $711,000 after buying an additional 3,219 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of National CineMedia by 18.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,749 shares of the business services provider's stock valued at $178,000 after acquiring an additional 4,084 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of National CineMedia by 46.4% in the 4th quarter. ProShare Advisors LLC now owns 19,611 shares of the business services provider's stock valued at $130,000 after acquiring an additional 6,217 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 worth $4,840,000 after purchasing an additional 7,218 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in National CineMedia during the fourth quarter worth approximately $53,000. Institutional investors own 69.49% of the company's stock.

Insider Buying and Selling at National CineMedia

In related news, major shareholder Blantyre Capital Ltd purchased 300,000 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $5.12 per share, with a total value of $1,536,000.00. Following the purchase, the insider now directly owns 10,250,721 shares in the company, valued at $52,483,691.52. The trade was a 3.01% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.25% of the company's stock.

National CineMedia Price Performance

NCMI traded down $0.12 during midday trading on Wednesday, reaching $5.18. 168,769 shares of the company's stock were exchanged, compared to its average volume of 643,510. The business has a 50-day simple moving average of $5.55 and a two-hundred day simple moving average of $6.24. National CineMedia, Inc. has a one year low of $4.12 and a one year high of $7.60. The firm has a market capitalization of $488.02 million, a price-to-earnings ratio of -20.70 and a beta of 2.12. 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 (NASDAQ:NCMI - Get Free Report) last issued 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%. As a group, research analysts predict that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, May 16th. National CineMedia's dividend payout ratio is presently -63.16%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NCMI. William Blair reissued a "neutral" rating and issued a $7.50 price target on shares of National CineMedia in a research report on Friday, March 7th. Wall Street Zen lowered shares of National CineMedia from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Benchmark reaffirmed a "buy" rating and issued a $8.00 price target on shares of National CineMedia in a research report on Friday, March 7th. Wedbush reissued an "outperform" rating and set a $7.50 price objective on shares of National CineMedia in a research report on Thursday, May 1st. Finally, B. Riley lowered National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 target price on the stock. in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, National CineMedia currently has a consensus rating of "Hold" and an average target price of $7.20.

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.