57,859 Shares in National CineMedia, Inc. (NASDAQ:NCMI) Purchased by PharVision Advisers LLC

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

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

Wall Street Analysts Forecast Growth

NCMI has been the subject of a number of recent analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $7.00 price objective on shares of National CineMedia in a research note on Friday, March 14th. William Blair restated a "neutral" rating and issued a $7.50 target price on shares of National CineMedia in a report on Friday, March 7th. Benchmark reaffirmed a "buy" rating and issued a $8.00 target price on shares of National CineMedia in a research report on Friday, March 7th. Wall Street Zen lowered National CineMedia from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Wedbush reissued an "outperform" rating and issued a $7.50 price objective on shares of National CineMedia in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, National CineMedia has an average rating of "Hold" and an average target price of $7.20.

National CineMedia Stock Down 0.8%

NCMI stock traded down $0.04 during midday trading on Monday, reaching $4.90. The company had a trading volume of 707,373 shares, compared to its average volume of 636,180. The company has a 50 day moving average of $5.64 and a two-hundred day moving average of $6.30. The company has a market capitalization of $462.09 million, a P/E ratio of -19.60 and a beta of 2.12. National CineMedia, Inc. has a 1 year low of $4.12 and a 1 year high of $7.60. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03.

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

National CineMedia Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, May 16th. National CineMedia's payout ratio is currently -63.16%.

Insider Transactions at National CineMedia

In other 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 acquired at an average price of $5.18 per share, with a total value of $537,088.30. Following the purchase, the insider now owns 10,310,433 shares in the company, valued at $53,408,042.94. This represents a 1.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.25% of the company's stock.

National CineMedia 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.