Blantyre Capital Ltd Acquires 103,685 Shares of National CineMedia, Inc. (NASDAQ:NCMI) Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder Blantyre Capital Ltd acquired 103,685 shares of National CineMedia stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $5.18 per share, with a total value of $537,088.30. Following the purchase, the insider now owns 10,310,433 shares of the company’s stock, valued at $53,408,042.94. This represents a 1.02 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Blantyre Capital Ltd also recently made the following trade(s):

• On Friday, March 7th, Blantyre Capital Ltd purchased 300,000 shares of National CineMedia stock. The stock was bought at an average cost of $5.12 per share, with a total value of $1,536,000.00.

National CineMedia Stock Down 0.7 %

NCMI stock traded down $0.04 during trading on Tuesday, hitting $5.35. 968,943 shares of the stock traded hands, compared to its average volume of 640,559. National CineMedia, Inc. has a 1 year low of $3.71 and a 1 year high of $7.60. The firm’s 50 day moving average is $6.59 and its two-hundred day moving average is $6.78. The stock has a market cap of $507.80 million, a price-to-earnings ratio of -21.40 and a beta of 2.19. 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 (NASDAQ:NCMI) last posted its earnings results on Thursday, March 6th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. The business had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $84.77 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. On average, sell-side analysts anticipate that National CineMedia, Inc. will post -0.12 EPS for the current year.

Hedge Funds Weigh In On National CineMedia

Institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC bought a new position in shares of National CineMedia in the 4th quarter worth approximately $53,000. BNP Paribas Financial Markets bought a new stake in shares of National CineMedia during the fourth quarter valued at approximately $57,000. DRW Securities LLC purchased a new stake in National CineMedia in the 4th quarter worth $73,000. Quarry LP bought a new position in National CineMedia during the fourth quarter valued at approximately $91,000. Finally, Intech Investment Management LLC bought a new position in National CineMedia during the third quarter valued at approximately $97,000. Institutional investors own 69.49% of the company’s stock.

Analyst Ratings Changes

NCMI has been the subject of a number of research reports. William Blair reissued a “neutral” rating and issued a $7.50 price target on shares of National CineMedia in a research note on Friday. Benchmark restated a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a report on Friday. Wedbush reiterated a “neutral” rating and set a $7.50 price target on shares of National CineMedia in a report on Wednesday, March 5th. Barrington Research decreased their price objective on shares of National CineMedia from $8.25 to $7.00 and set an “outperform” rating for the company in a report on Friday. Finally, StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

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.