Trexquant Investment LP Acquires New Position in National CineMedia, Inc. (NASDAQ:NCMI)

Trexquant Investment LP purchased a new stake in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 148,812 shares of the business services provider's stock, valued at approximately $988,000. Trexquant Investment LP owned approximately 0.16% of National CineMedia at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in shares of National CineMedia during the 4th quarter worth $53,000. Ieq Capital LLC acquired a new stake in shares of National CineMedia in the fourth quarter valued at $93,000. Catalyst Funds Management Pty Ltd raised its holdings in shares of 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 valued at $122,000 after buying an additional 15,300 shares during the period. Centiva Capital LP purchased a new position in shares of National CineMedia in the third quarter valued at approximately $219,000. Finally, SG Americas Securities LLC lifted its holdings in National CineMedia by 39.7% during the 4th quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider's stock worth $287,000 after buying an additional 12,281 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company's stock.

National CineMedia Price Performance

NASDAQ:NCMI traded down $0.11 during trading hours on Wednesday, hitting $5.87. The company's stock had a trading volume of 84,517 shares, compared to its average volume of 645,553. 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, Inc. has a 52-week low of $4.11 and a 52-week high of $7.60. The business's 50-day moving average is $6.19 and its two-hundred day moving average is $6.58. The company has a market capitalization of $558.30 million, a PE ratio of -23.46 and a beta of 1.92.

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National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The business services provider reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The business had revenue of $86.30 million during the quarter, compared to analysts' expectations of $84.77 million. As a group, research analysts anticipate that National CineMedia, Inc. will post -0.12 EPS for the current fiscal year.

National CineMedia Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 24th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 24th. National CineMedia's dividend payout ratio is currently -52.17%.

Insider Buying and Selling at National CineMedia

In related news, major shareholder Blantyre Capital Ltd acquired 103,685 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $5.18 per share, with a total value of $537,088.30. Following the purchase, the insider now directly owns 10,310,433 shares of the company's stock, valued at approximately $53,408,042.94. This 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 this link. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NCMI. StockNews.com upgraded shares of National CineMedia from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. William Blair restated a "neutral" rating and set a $7.50 price objective on shares of National CineMedia in a research report on Friday, March 7th. Wedbush raised shares of National CineMedia from a "neutral" rating to an "outperform" rating and set a $7.50 price target for the company in a research report on Friday, March 14th. Barrington Research reiterated an "outperform" rating and set a $7.00 target price on shares of National CineMedia in a research report on Friday, March 14th. Finally, Benchmark restated a "buy" rating and set a $8.00 price target on shares of National CineMedia in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.70.

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.