National CineMedia, Inc. (NASDAQ:NCMI) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its position in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,532,174 shares of the business services provider's stock after selling 434,181 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.61% of National CineMedia worth $10,174,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of National CineMedia in the 4th quarter valued at about $669,000. Charles Schwab Investment Management Inc. boosted its position in shares of 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 purchasing an additional 7,218 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of National CineMedia by 16.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 65,424 shares of the business services provider's stock valued at $434,000 after purchasing an additional 9,147 shares during the period. Ieq Capital LLC acquired a new stake in National CineMedia during the 4th quarter worth approximately $93,000. Finally, Rhumbline Advisers lifted its position in National CineMedia by 3.1% during the 4th 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. 69.49% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

National CineMedia Stock Performance

Shares of NCMI stock traded up $0.33 during trading hours on Wednesday, reaching $6.08. 869,603 shares of the company's stock were exchanged, compared to its average volume of 649,462. The company has a market cap of $578.88 million, a P/E ratio of -24.32 and a beta of 2.19. The company's 50 day moving average is $6.51 and its two-hundred day moving average is $6.74. National CineMedia, Inc. has a 1 year low of $4.12 and a 1 year high of $7.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46.

National CineMedia (NASDAQ:NCMI - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.77 million. Equities research analysts anticipate that National CineMedia, Inc. will post -0.12 EPS for the current fiscal year.

National CineMedia Dividend Announcement

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 $0.03 dividend. The ex-dividend date is Monday, March 24th. National CineMedia's payout ratio is currently -52.17%.

Insider Activity at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the sale, the executive vice president now owns 66,987 shares in the company, valued at approximately $436,085.37. This represents a 26.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Blantyre Capital Ltd bought 300,000 shares of the stock in a transaction on Friday, March 7th. The shares were bought at an average price of $5.12 per share, for a total transaction of $1,536,000.00. Following the acquisition, the insider now owns 10,250,721 shares in the company, valued at $52,483,691.52. The trade was a 3.01 % increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by company insiders.

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.