Victory Capital Management Inc. Takes $669,000 Position in National CineMedia, Inc. (NASDAQ:NCMI)

Victory Capital Management Inc. bought a new position in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 100,699 shares of the business services provider's stock, valued at approximately $669,000. Victory Capital Management Inc. owned approximately 0.11% of National CineMedia at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in National CineMedia during the third quarter worth $97,000. Ieq Capital LLC bought a new stake in shares of National CineMedia during the 4th quarter worth $93,000. Centiva Capital LP bought a new stake in shares of National CineMedia during the 3rd quarter worth $219,000. MetLife Investment Management LLC purchased a new position in shares of National CineMedia in the 3rd quarter worth about $292,000. Finally, SG Americas Securities LLC grew its position in National CineMedia by 39.7% during the fourth quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider's stock valued at $287,000 after buying an additional 12,281 shares during the period. Hedge funds and other institutional investors own 69.49% of the company's stock.

National CineMedia Stock Performance

NCMI stock traded up $0.07 during midday trading on Tuesday, reaching $5.90. 518,962 shares of the company's stock traded hands, compared to its average volume of 608,639. National CineMedia, Inc. has a 52 week low of $4.12 and a 52 week high of $7.60. The company has a 50-day moving average price of $6.49 and a two-hundred day moving average price of $6.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. The firm has a market capitalization of $561.74 million, a PE ratio of -23.60 and a beta of 2.19.

Remove Ads

National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 2.61% and a negative net margin of 9.49%. As a group, equities analysts anticipate that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 24th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, March 24th. National CineMedia's dividend payout ratio is currently -52.17%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wedbush raised shares of National CineMedia from a "neutral" rating to an "outperform" rating and set a $7.50 price objective on the stock in a research report on Friday, March 14th. Barrington Research reaffirmed an "outperform" rating and issued a $7.00 price target on shares of National CineMedia in a report on Friday, March 14th. Benchmark reissued a "buy" rating and set a $8.00 price objective on shares of National CineMedia in a report on Friday, March 7th. StockNews.com upgraded National CineMedia from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, William Blair reiterated a "neutral" rating and set a $7.50 price target on shares of National CineMedia in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.70.

Insider Buying and Selling

In other news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $5.18 per share, with a total value of $537,088.30. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $6.51, for a total value of $154,560.42. Following the sale, the executive vice president now directly owns 66,987 shares of the company's stock, valued at $436,085.37. This represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

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.