PharVision Advisers LLC Invests $384,000 in National CineMedia, Inc. (NASDAQ:NCMI)

PharVision Advisers LLC acquired a new stake in shares of National CineMedia, Inc. (NASDAQ:NCMI) in the fourth quarter, Holdings Channel reports. The fund acquired 57,859 shares of the business services provider’s stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of National CineMedia by 3.1% during the fourth quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider’s stock worth $711,000 after purchasing an additional 3,219 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in National CineMedia by 18.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,749 shares of the business services provider’s stock worth $178,000 after purchasing an additional 4,084 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of National CineMedia by 46.4% in the fourth quarter. ProShare Advisors LLC now owns 19,611 shares of the business services provider’s stock worth $130,000 after buying an additional 6,217 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 valued at $4,840,000 after buying an additional 7,218 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in National CineMedia in the 4th quarter worth $53,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

Insider Buying and Selling at National CineMedia

In other National CineMedia news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the business’s 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 completion of the purchase, the insider now directly owns 10,310,433 shares in the company, valued at approximately $53,408,042.94. This trade represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $8.00 price target on shares of National CineMedia in a report on Friday, March 7th. Wedbush reaffirmed an “outperform” rating and issued a $7.50 target price on shares of National CineMedia in a report on Thursday, May 1st. StockNews.com lowered National CineMedia from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. B. Riley downgraded shares of National CineMedia from a “buy” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a research note on Friday, May 16th. Finally, William Blair reiterated a “neutral” rating and set a $7.50 target price on shares of National CineMedia in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, National CineMedia currently has an average rating of “Hold” and a consensus target price of $7.20.

National CineMedia Trading Up 2.8%

Shares of NCMI opened at $5.20 on Wednesday. The stock’s 50-day moving average price is $5.69 and its 200 day moving average price is $6.35. 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 firm has a market capitalization of $490.38 million, a price-to-earnings ratio of -20.80 and a beta of 2.12. National CineMedia, Inc. has a 12-month low of $4.12 and a 12-month high of $7.60.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Tuesday, May 6th. The business services provider reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The firm had revenue of $34.90 million for the quarter, compared to analyst estimates of $35.13 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. As a group, 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 declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.12 dividend on an annualized basis and a yield of 2.31%. National CineMedia’s dividend payout ratio is currently -63.16%.

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.