Riverwater Partners LLC Has $1.80 Million Stock Position in National CineMedia, Inc. (NASDAQ:NCMI)

Riverwater Partners LLC boosted its holdings in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 296.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 270,307 shares of the business services provider's stock after buying an additional 202,164 shares during the quarter. Riverwater Partners LLC owned 0.28% of National CineMedia worth $1,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of National CineMedia by 4.8% in the fourth quarter. Wellington Management Group LLP now owns 2,923,516 shares of the business services provider's stock worth $19,412,000 after acquiring an additional 132,895 shares in the last quarter. Geode Capital Management LLC grew its position in National CineMedia by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider's stock worth $13,835,000 after purchasing an additional 15,605 shares in the last quarter. State Street Corp raised its stake in National CineMedia by 23.8% during the 3rd quarter. State Street Corp now owns 1,157,488 shares of the business services provider's stock valued at $8,160,000 after purchasing an additional 222,498 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of National CineMedia by 1.0% in the fourth 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 in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of National CineMedia by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 476,468 shares of the business services provider's stock worth $3,164,000 after buying an additional 7,130 shares during the period. Institutional investors and hedge funds own 69.49% of the company's stock.

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Insider Buying and Selling

In other news, major shareholder Blantyre Capital Ltd bought 300,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $5.12 per share, with a total value of $1,536,000.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

National CineMedia Stock Down 4.9 %

Shares of NCMI traded down $0.29 during mid-day trading on Thursday, hitting $5.64. 239,577 shares of the company's stock were exchanged, compared to its average volume of 617,970. The stock has a market cap of $536.79 million, a price-to-earnings ratio of -22.06 and a beta of 1.92. The firm has a fifty day moving average of $6.27 and a two-hundred day moving average of $6.62. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a twelve month low of $4.12 and a twelve month high of $7.60.

National CineMedia (NASDAQ:NCMI - Get Free Report) last posted its earnings results 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. The company had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.77 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. On average, sell-side analysts forecast that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

National CineMedia Dividend Announcement

The company also recently disclosed 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 payout ratio is -52.17%.

Wall Street Analysts Forecast Growth

NCMI has been the subject of several research analyst reports. 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 note on Friday, March 14th. StockNews.com upgraded shares of National CineMedia from a "sell" rating to a "hold" rating in a 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. Benchmark reiterated a "buy" rating and issued a $8.00 target price on shares of National CineMedia in a research report on Friday, March 7th. Finally, William Blair reaffirmed a "neutral" rating and issued a $7.50 price target on shares of National CineMedia in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

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.