PharVision Advisers LLC Makes New $384,000 Investment in National CineMedia, Inc. (NASDAQ:NCMI)

PharVision Advisers LLC purchased a new position in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 57,859 shares of the business services provider's stock, valued at approximately $384,000. PharVision Advisers LLC owned about 0.06% of National CineMedia as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC acquired a new stake in National CineMedia during the fourth quarter worth about $53,000. BNP Paribas Financial Markets bought a new position in shares of National CineMedia during the fourth quarter valued at approximately $57,000. DRW Securities LLC acquired a new stake in shares of National CineMedia during the 4th quarter worth approximately $73,000. Quarry LP bought a new stake in shares of National CineMedia in the 4th quarter worth approximately $91,000. Finally, Ieq Capital LLC bought a new stake in shares of National CineMedia in the 4th quarter worth approximately $93,000. 69.49% of the stock is owned by institutional investors and hedge funds.

National CineMedia Trading Up 2.8%

NASDAQ:NCMI opened at $5.20 on Wednesday. The stock has a market cap of $490.38 million, a price-to-earnings ratio of -20.80 and a beta of 2.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. National CineMedia, Inc. has a 1 year low of $4.12 and a 1 year high of $7.60. The business has a fifty day moving average of $5.69 and a 200-day moving average of $6.35.

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

National CineMedia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, May 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.31%. National CineMedia's dividend payout ratio is presently -63.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Benchmark restated a "buy" rating and set a $8.00 price objective on shares of National CineMedia in a research note on Friday, March 7th. B. Riley lowered shares of National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a research report on Friday, May 16th. Barrington Research reiterated an "outperform" rating and issued a $7.00 price objective on shares of National CineMedia in a research report on Friday, March 14th. Wedbush reissued an "outperform" rating and set a $7.50 target price on shares of National CineMedia in a research note on Thursday, May 1st. Finally, StockNews.com cut shares of National CineMedia from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, National CineMedia currently has an average rating of "Hold" and a consensus price target of $7.20.

Insider Buying and Selling

In other news, major shareholder Blantyre Capital Ltd purchased 300,000 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $5.12 per share, for a total transaction of $1,536,000.00. Following the transaction, the insider now owns 10,250,721 shares in the company, valued at $52,483,691.52. This trade represents a 3.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.

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.

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