Wellington Management Group LLP Raises Position in National CineMedia, Inc. (NASDAQ:NCMI)

Wellington Management Group LLP lifted its holdings in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,923,516 shares of the business services provider's stock after purchasing an additional 132,895 shares during the period. Wellington Management Group LLP owned about 3.08% of National CineMedia worth $19,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in National CineMedia during the fourth quarter valued at $53,000. Intech Investment Management LLC acquired a new position in shares of National CineMedia during the 3rd quarter worth about $97,000. Ieq Capital LLC purchased a new position in National CineMedia in the 4th quarter valued at about $93,000. Catalyst Funds Management Pty Ltd boosted its holdings in 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 worth $122,000 after buying an additional 15,300 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in National CineMedia in the 3rd quarter worth about $219,000. Institutional investors and hedge funds own 69.49% of the company's stock.

Insider Transactions at National CineMedia

In other news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the firm's stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $5.18 per share, for a total transaction of $537,088.30. Following the completion of the purchase, the insider now directly owns 10,310,433 shares of the company's stock, valued at approximately $53,408,042.94. This trade represents a 1.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.25% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on NCMI. Wedbush upgraded 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. Benchmark reaffirmed a "buy" rating and set a $8.00 target price on shares of National CineMedia in a report on Friday, March 7th. Barrington Research reissued an "outperform" rating and issued a $7.00 price target on shares of National CineMedia in a research note 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 note on Friday, March 7th. Finally, StockNews.com upgraded shares of National CineMedia from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.70.

National CineMedia Trading Up 1.6 %

National CineMedia stock traded up $0.09 during midday trading on Friday, hitting $5.77. 704,907 shares of the stock were exchanged, compared to its average volume of 611,109. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The stock's 50-day simple moving average is $6.23 and its 200 day simple moving average is $6.60. National CineMedia, Inc. has a fifty-two week low of $4.12 and a fifty-two week high of $7.60. The stock has a market capitalization of $549.36 million, a price-to-earnings ratio of -23.08 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 earnings per share (EPS) for the quarter, topping 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 business had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.77 million. On average, equities analysts anticipate that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Monday, April 7th. Stockholders 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 (DPR) is presently -52.17%.

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.