2,130,528 Shares in National CineMedia, Inc. (NASDAQ:NCMI) Acquired by Sycale Advisors NY LLC

Sycale Advisors NY LLC acquired a new position in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,130,528 shares of the business services provider's stock, valued at approximately $14,147,000. National CineMedia comprises about 3.7% of Sycale Advisors NY LLC's portfolio, making the stock its 10th biggest position. Sycale Advisors NY LLC owned about 2.24% of National CineMedia as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NCMI. Rhumbline Advisers boosted its stake in shares of National CineMedia by 3.1% during 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 during the period. Price T Rowe Associates Inc. MD lifted its stake in National CineMedia by 18.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,749 shares of the business services provider's stock worth $178,000 after purchasing an additional 4,084 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of National CineMedia by 46.4% during the fourth quarter. ProShare Advisors LLC now owns 19,611 shares of the business services provider's stock valued at $130,000 after buying an additional 6,217 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of National CineMedia by 1.0% during the fourth 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 during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of National CineMedia during the fourth quarter valued at approximately $53,000. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at National CineMedia

In related news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the business's stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $5.18 per share, for a total transaction of $537,088.30. Following the acquisition, the insider now owns 10,310,433 shares of the company's stock, valued at $53,408,042.94. The trade was a 1.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

NCMI has been the subject of a number of recent analyst reports. Barrington Research restated an "outperform" rating and set a $7.00 price objective on shares of National CineMedia in a report on Friday, March 14th. Benchmark reiterated a "buy" rating and set a $8.00 target price on shares of National CineMedia in a research report on Friday, March 7th. 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. William Blair restated a "neutral" rating and issued a $7.50 price target on shares of National CineMedia in a report on Friday, March 7th. Finally, B. Riley lowered shares of National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 price objective for the company. in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $7.20.

National CineMedia Stock Up 0.1%

NASDAQ NCMI traded up $0.01 on Friday, reaching $4.95. 324,278 shares of the stock traded hands, compared to its average volume of 635,514. National CineMedia, Inc. has a 12 month low of $4.12 and a 12 month high of $7.60. The company has a market cap of $466.33 million, a price-to-earnings ratio of -19.78 and a beta of 2.12. The company has a fifty day moving average price of $5.66 and a 200-day moving average price of $6.32. 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 (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The business services provider reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. The firm had revenue of $34.90 million for the quarter, compared to analysts' expectations of $35.13 million. As a group, research analysts forecast that National CineMedia, Inc. will post -0.12 EPS for the current fiscal year.

National CineMedia Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.03 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.12 annualized dividend and a dividend yield of 2.43%. National CineMedia's dividend payout ratio is currently -63.16%.

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.