Blantyre Capital Ltd Purchases 300,000 Shares of National CineMedia, Inc. (NASDAQ:NCMI) Stock

National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) major shareholder Blantyre Capital Ltd purchased 300,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were bought at an average price of $5.12 per share, with a total value of $1,536,000.00. Following the purchase, the insider now directly owns 10,250,721 shares in the company, valued at approximately $52,483,691.52. The trade was a 3.01 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Blantyre Capital Ltd also recently made the following trade(s):

• On Monday, March 10th, Blantyre Capital Ltd bought 103,685 shares of National CineMedia stock. The shares were purchased at an average cost of $5.18 per share, for a total transaction of $537,088.30.

National CineMedia Stock Down 0.7 %

NCMI traded down $0.04 during midday trading on Tuesday, reaching $5.35. The company's stock had a trading volume of 968,943 shares, compared to its average volume of 640,559. The firm has a market capitalization of $507.80 million, a price-to-earnings ratio of -21.40 and a beta of 2.19. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 1 year low of $3.71 and a 1 year high of $7.60. The stock's 50-day moving average is $6.59 and its 200-day moving average is $6.78.

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National CineMedia (NASDAQ:NCMI - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The business services provider reported $0.26 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 firm had revenue of $86.30 million for the quarter, compared to analysts' expectations of $84.77 million. As a group, research analysts expect that National CineMedia, Inc. will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCMI. Rhumbline Advisers raised its position in National CineMedia by 3.1% in the fourth quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider's stock worth $711,000 after acquiring an additional 3,219 shares during the period. Kings Path Partners LLC purchased a new position in National CineMedia during the fourth quarter valued at $408,000. Charles Schwab Investment Management Inc. grew its stake in National CineMedia by 240.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider's stock valued at $5,088,000 after acquiring an additional 509,756 shares in the last quarter. MetLife Investment Management LLC purchased a new position in National CineMedia during the third quarter valued at $292,000. Finally, State Street Corp grew its stake in National CineMedia by 23.8% during the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider's stock valued at $8,160,000 after acquiring an additional 222,498 shares in the last quarter. Institutional investors own 69.49% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on NCMI. Benchmark reaffirmed a "buy" rating and issued a $8.00 price target on shares of National CineMedia in a report on Friday. Wedbush reiterated a "neutral" rating and issued a $7.50 price objective on shares of National CineMedia in a research note on Wednesday, March 5th. Barrington Research reduced their price target on shares of National CineMedia from $8.25 to $7.00 and set an "outperform" rating for the company in a research report on Friday. StockNews.com upgraded shares of National CineMedia from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, William Blair reiterated a "neutral" rating and issued a $7.50 target price on shares of National CineMedia in a research report on Friday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.

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