Manatuck Hill Partners LLC Sells 336,206 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Manatuck Hill Partners LLC reduced its position in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,119,300 shares of the business services provider's stock after selling 336,206 shares during the period. National CineMedia accounts for about 3.0% of Manatuck Hill Partners LLC's investment portfolio, making the stock its 7th largest position. Manatuck Hill Partners LLC owned about 1.18% of National CineMedia worth $7,432,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in shares of National CineMedia by 3.1% in the 4th 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 during the last quarter. Price T Rowe Associates Inc. MD increased its stake in National CineMedia by 18.0% during 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 acquiring an additional 4,084 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of National CineMedia by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 476,468 shares of the business services provider's stock worth $3,164,000 after purchasing an additional 7,130 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of National CineMedia by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider's stock worth $4,840,000 after purchasing an additional 7,218 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in National CineMedia during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 69.49% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Benchmark reiterated a "buy" rating and set a $8.00 price objective on shares of National CineMedia in a research note on Friday, March 7th. William Blair reiterated a "neutral" rating and issued a $7.50 price target on shares of National CineMedia in a report on Friday, March 7th. StockNews.com upgraded National CineMedia from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Barrington Research reissued an "outperform" rating and set a $7.00 price target on shares of National CineMedia in a research report on Friday, March 14th. Finally, Wedbush restated an "outperform" rating and issued a $7.50 price target on shares of National CineMedia in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.70.

Insiders Place Their Bets

In related news, major shareholder Blantyre Capital Ltd bought 300,000 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $5.12 per share, with a total value of $1,536,000.00. Following the completion of the acquisition, the insider now owns 10,250,721 shares of the company's stock, valued at $52,483,691.52. This trade represents a 3.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

National CineMedia Stock Down 6.3 %

Shares of NASDAQ:NCMI traded down $0.37 during trading on Wednesday, hitting $5.43. The company's stock had a trading volume of 1,242,504 shares, compared to its average volume of 625,539. The company has a market capitalization of $517.27 million, a PE ratio of -21.72 and a beta of 2.12. National CineMedia, Inc. has a fifty-two week low of $4.12 and a fifty-two week high of $7.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. The stock's 50-day moving average price is $5.86 and its two-hundred day moving average price is $6.49.

National CineMedia (NASDAQ:NCMI - Get Free Report) last released its 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). The business had revenue of $34.90 million for the quarter, compared to analysts' expectations of $35.13 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. As a group, sell-side analysts expect that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Monday, April 7th. Shareholders 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 is presently -52.17%.

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.