Victory Capital Management Inc. Purchases 64,538 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Victory Capital Management Inc. boosted its position in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 64.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,237 shares of the business services provider's stock after acquiring an additional 64,538 shares during the period. Victory Capital Management Inc. owned 0.17% of National CineMedia worth $965,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of National CineMedia by 18.6% during the fourth quarter. American Century Companies Inc. now owns 132,663 shares of the business services provider's stock valued at $881,000 after buying an additional 20,788 shares during the last quarter. Wellington Management Group LLP raised its position in shares of National CineMedia by 4.8% during the fourth quarter. Wellington Management Group LLP now owns 2,923,516 shares of the business services provider's stock valued at $19,412,000 after buying an additional 132,895 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of National CineMedia during the fourth quarter valued at approximately $988,000. Landscape Capital Management L.L.C. bought a new stake in shares of National CineMedia during the fourth quarter valued at approximately $760,000. Finally, Riverwater Partners LLC raised its position in shares of National CineMedia by 296.7% during the fourth quarter. Riverwater Partners LLC now owns 270,307 shares of the business services provider's stock valued at $1,795,000 after buying an additional 202,164 shares during the last quarter. Institutional investors own 69.49% of the company's stock.

National CineMedia Stock Performance

NCMI stock traded up $0.04 during mid-day trading on Monday, reaching $4.71. 131,542 shares of the stock traded hands, compared to its average volume of 677,584. National CineMedia, Inc. has a one year low of $4.12 and a one year high of $7.60. The stock has a market capitalization of $443.68 million, a PE ratio of -24.71 and a beta of 2.14. The business has a 50-day moving average price of $5.03 and a two-hundred day moving average price of $5.70.

National CineMedia (NASDAQ:NCMI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The business services provider reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). The company had revenue of $34.90 million during the quarter, compared to the consensus estimate of $35.13 million. National CineMedia had a negative return on equity of 2.83% and a negative net margin of 7.68%. On average, equities analysts expect that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Activity at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 9,038 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $4.82, for a total transaction of $43,563.16. Following the transaction, the executive vice president directly owned 111,246 shares in the company, valued at $536,205.72. This represents a 7.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

NCMI has been the topic of several recent analyst reports. B. Riley cut shares of National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 price objective on the stock. in a research report on Friday, May 16th. Wall Street Zen cut shares of National CineMedia from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Benchmark reduced their price target on shares of National CineMedia from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Finally, Wedbush reduced their price target on shares of National CineMedia from $7.50 to $7.00 and set an "outperform" rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.90.

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.