Panoramic Capital LLC Purchases Shares of 187,775 National CineMedia, Inc. (NASDAQ:NCMI)

Panoramic Capital LLC purchased a new position in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 187,775 shares of the business services provider's stock, valued at approximately $1,247,000. Panoramic Capital LLC owned 0.20% of National CineMedia as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in shares of National CineMedia by 39.7% in the fourth quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider's stock worth $287,000 after buying an additional 12,281 shares during the last quarter. Rhumbline Advisers increased its holdings in 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 buying an additional 3,219 shares during the period. Ieq Capital LLC bought a new stake in shares of National CineMedia in the 4th quarter worth about $93,000. Oppenheimer Asset Management Inc. grew its holdings in shares of National CineMedia by 16.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 65,424 shares of the business services provider's stock worth $434,000 after purchasing an additional 9,147 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of National CineMedia by 1.0% in 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 last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on NCMI shares. Wedbush reiterated an "outperform" rating and set a $7.50 price target on shares of National CineMedia in a research report on Thursday, May 1st. Benchmark reissued a "buy" rating and issued a $8.00 target price on shares of National CineMedia in a research note on Friday, March 7th. William Blair reissued a "neutral" rating and issued a $7.50 target price on shares of National CineMedia in a research note on Friday, March 7th. Barrington Research restated an "outperform" rating and set a $7.00 target price on shares of National CineMedia in a research report on Friday, March 14th. Finally, StockNews.com downgraded shares of National CineMedia from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, National CineMedia currently has an average rating of "Hold" and an average target price of $7.20.

National CineMedia Stock Down 2.3%

Shares of NASDAQ NCMI traded down $0.12 during midday trading on Monday, reaching $5.00. The company's stock had a trading volume of 237,063 shares, compared to its average volume of 632,047. 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, Inc. has a fifty-two week low of $4.12 and a fifty-two week high of $7.60. The stock has a market capitalization of $471.05 million, a price-to-earnings ratio of -19.98 and a beta of 2.12. The stock has a 50 day simple moving average of $5.71 and a 200-day simple moving average of $6.37.

National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its 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 firm had revenue of $34.90 million for the quarter, compared to analyst estimates of $35.13 million. Equities research analysts predict that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

National CineMedia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.03 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.40%. National CineMedia's payout ratio is presently -63.16%.

Insider Activity

In other National CineMedia news, major shareholder Blantyre Capital Ltd acquired 300,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $5.12 per share, for a total transaction of $1,536,000.00. Following the acquisition, the insider now directly owns 10,250,721 shares in the company, valued at $52,483,691.52. This represents a 3.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

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.