Luxor Capital Group LP Raises Stock Holdings in National CineMedia, Inc. $NCMI

Luxor Capital Group LP raised its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMIFree Report) by 61.3% in the first quarter, Holdings Channel.com reports. The firm owned 1,820,737 shares of the business services provider’s stock after buying an additional 691,879 shares during the period. National CineMedia comprises 0.4% of Luxor Capital Group LP’s portfolio, making the stock its 25th largest holding. Luxor Capital Group LP’s holdings in National CineMedia were worth $5,553,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NCMI. American Century Companies Inc. raised its position in shares of National CineMedia by 2.2% in the 2nd quarter. American Century Companies Inc. now owns 145,233 shares of the business services provider’s stock valued at $704,000 after purchasing an additional 3,110 shares in the last quarter. EntryPoint Capital LLC grew its position in shares of National CineMedia by 8.1% during the fourth quarter. EntryPoint Capital LLC now owns 55,439 shares of the business services provider’s stock worth $216,000 after buying an additional 4,142 shares in the last quarter. Inscription Capital LLC grew its position in shares of National CineMedia by 32.7% during the fourth quarter. Inscription Capital LLC now owns 17,214 shares of the business services provider’s stock worth $67,000 after buying an additional 4,246 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of National CineMedia by 16.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,712 shares of the business services provider’s stock worth $151,000 after buying an additional 5,390 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of National CineMedia by 4.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 124,626 shares of the business services provider’s stock worth $485,000 after buying an additional 5,440 shares during the last quarter. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

National CineMedia Trading Up 1.1%

NASDAQ:NCMI opened at $3.77 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $3.57 and its two-hundred day moving average is $3.50. National CineMedia, Inc. has a 52 week low of $2.78 and a 52 week high of $5.09. The company has a market cap of $353.55 million, a PE ratio of -41.88 and a beta of 1.36.

National CineMedia (NASDAQ:NCMIGet Free Report) last issued its earnings results on Tuesday, May 12th. The business services provider reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.03. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.The company had revenue of $34.00 million during the quarter, compared to analyst estimates of $32.92 million. On average, analysts predict that National CineMedia, Inc. will post -0.01 EPS for the current year.

National CineMedia Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 22nd were paid a dividend of $0.03 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.12 annualized dividend and a yield of 3.2%. National CineMedia’s dividend payout ratio (DPR) is -133.33%.

Insider Buying and Selling

In other National CineMedia news, insider Maria Vg Woods sold 12,058 shares of National CineMedia stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total value of $45,458.66. Following the completion of the transaction, the insider owned 163,162 shares of the company’s stock, valued at $615,120.74. The trade was a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NCMI has been the topic of several recent analyst reports. Wall Street Zen raised shares of National CineMedia from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Wedbush decreased their price objective on shares of National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, National CineMedia currently has an average rating of “Hold” and a consensus target price of $5.38.

Get Our Latest Analysis on National CineMedia

National CineMedia Profile

(Free Report)

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.

See Also

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Institutional Ownership by Quarter for National CineMedia (NASDAQ:NCMI)

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