Landscape Capital Management L.L.C. Invests $760,000 in National CineMedia, Inc. (NASDAQ:NCMI)

Landscape Capital Management L.L.C. purchased a new stake in shares of National CineMedia, Inc. (NASDAQ:NCMI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 114,440 shares of the business services provider’s stock, valued at approximately $760,000. Landscape Capital Management L.L.C. owned about 0.12% of National CineMedia at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $5.18 per share, for a total transaction of $537,088.30. Following the acquisition, the insider now owns 10,310,433 shares in the company, valued at $53,408,042.94. This trade represents a 1.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by insiders.

National CineMedia Trading Down 3.9 %

NASDAQ NCMI opened at $5.72 on Monday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The company has a market cap of $544.60 million, a price-to-earnings ratio of -22.88 and a beta of 1.92. National CineMedia, Inc. has a twelve month low of $4.12 and a twelve month high of $7.60. The business’s fifty day moving average is $6.37 and its 200 day moving average is $6.65.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating 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 business had revenue of $86.30 million during the quarter, compared to analyst estimates of $84.77 million. As a group, sell-side analysts expect that National CineMedia, Inc. will post -0.12 EPS for the current fiscal year.

National CineMedia Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NCMI. Wedbush upgraded shares of National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 price objective for the company in a research note on Friday, March 14th. Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of National CineMedia in a research report on Friday, March 7th. William Blair reiterated a “neutral” rating and set a $7.50 price objective on shares of National CineMedia in a research note on Friday, March 7th. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Barrington Research reiterated an “outperform” rating and set a $7.00 price target on shares of National CineMedia in a research report on Friday, March 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, National CineMedia has an average rating of “Moderate Buy” and an average target price of $7.70.

National CineMedia Company 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.