National CineMedia, Inc. (NASDAQ:NCMI) Shares Sold by Contrarian Capital Management L.L.C.

Contrarian Capital Management L.L.C. decreased its position in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 9.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 739,899 shares of the business services provider's stock after selling 79,660 shares during the period. National CineMedia makes up 1.7% of Contrarian Capital Management L.L.C.'s portfolio, making the stock its 9th largest position. Contrarian Capital Management L.L.C. owned approximately 0.78% of National CineMedia worth $4,913,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Marshall Wace LLP raised its holdings in National CineMedia by 29.4% during the 4th quarter. Marshall Wace LLP now owns 402,909 shares of the business services provider's stock worth $2,675,000 after buying an additional 91,488 shares during the period. Walleye Capital LLC acquired a new stake in shares of National CineMedia during the fourth quarter worth $116,000. Ranger Investment Management L.P. bought a new stake in National CineMedia in the 4th quarter valued at $4,058,000. DRW Securities LLC acquired a new position in National CineMedia in the 4th quarter worth $73,000. Finally, Renaissance Technologies LLC boosted its stake in National CineMedia by 375.7% in the 4th quarter. Renaissance Technologies LLC now owns 127,500 shares of the business services provider's stock worth $847,000 after purchasing an additional 100,700 shares during the period. Institutional investors own 69.49% of the company's stock.

Wall Street Analyst Weigh In

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

National CineMedia Stock Up 1.0 %

Shares of NASDAQ NCMI traded up $0.06 during trading hours on Wednesday, hitting $5.90. The company had a trading volume of 184,444 shares, compared to its average volume of 603,287. National CineMedia, Inc. has a 1-year low of $4.12 and a 1-year high of $7.60. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The firm's 50 day moving average is $6.07 and its 200-day moving average is $6.55. The stock has a market capitalization of $561.63 million, a P/E ratio of -23.60 and a beta of 1.92.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced 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. The firm had revenue of $86.30 million during the quarter, compared to analysts' expectations of $84.77 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. On average, analysts expect that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

National CineMedia Announces Dividend

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

Insider Activity

In other National CineMedia news, major shareholder Blantyre Capital Ltd purchased 300,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $5.12 per share, for a total transaction of $1,536,000.00. Following the purchase, the insider now owns 10,250,721 shares in the company, valued at approximately $52,483,691.52. The trade was a 3.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.25% of the company's stock.

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.