Invesco Ltd. Decreases Position in National CineMedia, Inc. (NASDAQ:NCMI)

Invesco Ltd. lessened its position in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 77.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 237,936 shares of the business services provider's stock after selling 823,253 shares during the period. Invesco Ltd. owned approximately 0.25% of National CineMedia worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers raised its stake in National CineMedia by 3.1% in the fourth quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider's stock valued at $711,000 after purchasing an additional 3,219 shares in the last quarter. Kings Path Partners LLC purchased a new stake in National CineMedia during the fourth quarter valued at about $408,000. SG Americas Securities LLC increased its position in shares of National CineMedia by 39.7% during the 4th quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider's stock valued at $287,000 after purchasing an additional 12,281 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in National CineMedia by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider's stock worth $4,840,000 after buying an additional 7,218 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of National CineMedia by 18.6% during the 4th quarter. American Century Companies Inc. now owns 132,663 shares of the business services provider's stock valued at $881,000 after purchasing an additional 20,788 shares during the last quarter. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at National CineMedia

In other National CineMedia news, major shareholder Blantyre Capital Ltd acquired 103,685 shares of the business's stock in a transaction on Monday, March 10th. The shares were bought at an average price of $5.18 per share, with a total value of $537,088.30. Following the transaction, the insider now directly 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.25% of the company's stock.

National CineMedia Stock Down 1.9 %

NASDAQ:NCMI traded down $0.11 during trading hours on Monday, reaching $5.57. 510,381 shares of the company traded hands, compared to its average volume of 621,526. 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. The business's 50-day moving average price is $5.89 and its two-hundred day moving average price is $6.50. The stock has a market capitalization of $530.41 million, a P/E ratio of -22.29 and a beta of 1.92.

National CineMedia (NASDAQ:NCMI - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The business services provider reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. The business had revenue of $86.30 million during the quarter, compared to analyst estimates of $84.77 million. Analysts predict that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

National CineMedia Dividend Announcement

The business also recently announced a -- dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 24th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 24th. National CineMedia's dividend payout ratio (DPR) is -52.17%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NCMI shares. Wedbush reissued an "outperform" rating and issued a $7.50 target price on shares of National CineMedia in a research note on Thursday. StockNews.com raised shares of National CineMedia from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. William Blair reiterated a "neutral" rating and set a $7.50 target price on shares of National CineMedia in a report on Friday, March 7th. Barrington Research reaffirmed an "outperform" rating and set a $7.00 price target on shares of National CineMedia in a research report on Friday, March 14th. Finally, Benchmark restated a "buy" rating and set a $8.00 target price on shares of National CineMedia in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.70.

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.