Voya Investment Management LLC Sells 210,237 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Voya Investment Management LLC trimmed its holdings in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,080,757 shares of the business services provider's stock after selling 210,237 shares during the period. Voya Investment Management LLC owned about 2.19% of National CineMedia worth $13,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of National CineMedia by 4.8% during the 4th quarter. Wellington Management Group LLP now owns 2,923,516 shares of the business services provider's stock valued at $19,412,000 after purchasing an additional 132,895 shares in the last quarter. Geode Capital Management LLC raised its holdings in National CineMedia by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider's stock worth $13,835,000 after buying an additional 15,605 shares during the period. Charles Schwab Investment Management Inc. lifted 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 valued at $4,840,000 after buying an additional 7,218 shares in the last quarter. Ranger Investment Management L.P. acquired a new position in shares of National CineMedia in the fourth quarter valued at approximately $4,058,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of National CineMedia by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 476,468 shares of the business services provider's stock worth $3,164,000 after acquiring an additional 7,130 shares in the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at National CineMedia

In other news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the business's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $5.18 per share, with a total value of $537,088.30. Following the acquisition, the insider now owns 10,310,433 shares in the company, valued at approximately $53,408,042.94. The trade was a 1.02 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

National CineMedia Stock Performance

NASDAQ NCMI traded up $0.03 during trading on Friday, reaching $5.68. 703,118 shares of the company's stock were exchanged, compared to its average volume of 620,627. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. National CineMedia, Inc. has a fifty-two week low of $4.12 and a fifty-two week high of $7.60. The business has a 50 day moving average price of $5.92 and a 200-day moving average price of $6.51. The stock has a market capitalization of $540.69 million, a P/E ratio of -22.72 and a beta of 1.92.

National CineMedia (NASDAQ:NCMI - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 EPS 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 firm had revenue of $86.30 million during the quarter, compared to analysts' expectations of $84.77 million. Sell-side analysts forecast that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

National CineMedia Announces Dividend

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

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.