National CineMedia, Inc. (NASDAQ:NCMI) Stock Holdings Increased by Riverwater Partners LLC

Riverwater Partners LLC raised its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 296.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 270,307 shares of the business services provider’s stock after buying an additional 202,164 shares during the period. Riverwater Partners LLC owned about 0.28% of National CineMedia worth $1,795,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of National CineMedia during the 4th quarter valued at $53,000. Ieq Capital LLC purchased a new stake in shares of National CineMedia during the fourth quarter valued at $93,000. Intech Investment Management LLC acquired a new position in shares of National CineMedia in the 3rd quarter valued at $97,000. Catalyst Funds Management Pty Ltd increased its stake in National CineMedia by 510.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 18,300 shares of the business services provider’s stock worth $122,000 after purchasing an additional 15,300 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in National CineMedia during the 3rd quarter worth about $219,000. 69.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NCMI shares. William Blair restated a “neutral” rating and issued a $7.50 price target on shares of National CineMedia in a research report on Friday, March 7th. Benchmark reiterated a “buy” rating and set a $8.00 price target on shares of National CineMedia in a report on Friday, March 7th. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Wedbush raised National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 target price on the stock in a research note on Friday, March 14th. Finally, Barrington Research reissued an “outperform” rating and issued a $7.00 price target on shares of National CineMedia in a research report on Friday, March 14th. Two equities 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, National CineMedia presently has an average rating of “Moderate Buy” and an average price target of $7.70.

National CineMedia Trading Down 3.9 %

Shares of NASDAQ NCMI opened at $5.72 on Friday. The business has a 50 day simple moving average of $6.37 and a 200 day simple moving average of $6.66. National CineMedia, Inc. has a 52 week low of $4.12 and a 52 week high of $7.60. The stock has a market cap of $544.60 million, a price-to-earnings ratio of -22.88 and a beta of 2.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $86.30 million during the quarter, compared to the consensus estimate 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, research analysts predict that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

National CineMedia Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 24th will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, March 24th. National CineMedia’s dividend payout ratio is currently -52.17%.

Insider Transactions at National CineMedia

In other news, major shareholder Blantyre Capital Ltd acquired 103,685 shares of National CineMedia stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $5.18 per share, for a total transaction of $537,088.30. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by corporate 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.