National CineMedia, Inc. (NASDAQ:NCMI) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,336,947 shares of the business services provider's stock after acquiring an additional 187,613 shares during the period. Wellington Management Group LLP owned approximately 1.38% of National CineMedia worth $5,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ancora Advisors LLC acquired a new stake in shares of National CineMedia in the third quarter valued at $751,000. Hill Investment Group Partners LLC grew its position in National CineMedia by 67.4% in the 4th quarter. Hill Investment Group Partners LLC now owns 17,116 shares of the business services provider's stock valued at $71,000 after acquiring an additional 6,889 shares in the last quarter. Zazove Associates LLC grew its position in National CineMedia by 3.1% in the 4th quarter. Zazove Associates LLC now owns 130,126 shares of the business services provider's stock valued at $539,000 after acquiring an additional 3,921 shares in the last quarter. Jump Financial LLC purchased a new stake in National CineMedia during the fourth quarter worth about $218,000. Finally, First Eagle Investment Management LLC acquired a new stake in shares of National CineMedia during the fourth quarter worth about $5,914,000. 69.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NCMI. StockNews.com cut shares of National CineMedia from a "hold" rating to a "sell" rating in a report on Wednesday, May 8th. Wedbush restated a "neutral" rating and issued a $5.50 price target on shares of National CineMedia in a research note on Tuesday, May 7th. Benchmark reiterated a "speculative buy" rating and issued a $6.00 price objective on shares of National CineMedia in a research note on Monday, June 17th. Finally, B. Riley raised National CineMedia from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $4.50 to $6.75 in a research note on Tuesday, March 19th.

National CineMedia Stock Up 3.3 %

National CineMedia stock traded up $0.14 during trading on Friday, reaching $4.39. The stock had a trading volume of 10,965,141 shares, compared to its average volume of 471,472. National CineMedia, Inc. has a 52-week low of $2.75 and a 52-week high of $5.90. The business has a 50 day moving average price of $4.78 and a 200 day moving average price of $4.51. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.02. The stock has a market cap of $423.94 million, a PE ratio of 0.13 and a beta of 2.03.

National CineMedia (NASDAQ:NCMI - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.11). The firm had revenue of $34.80 million for the quarter, compared to analysts' expectations of $34.73 million. National CineMedia had a return on equity of 3.45% and a net margin of 426.76%. On average, analysts predict that National CineMedia, Inc. will post 0.04 EPS for the current year.

About National CineMedia

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.