Ranger Investment Management L.P. acquired a new stake in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 611,160 shares of the business services provider's stock, valued at approximately $4,058,000. Ranger Investment Management L.P. owned 0.64% of National CineMedia at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of NCMI. Summit Securities Group LLC purchased a new stake in National CineMedia during the 4th quarter worth about $53,000. DRW Securities LLC acquired a new position in shares of National CineMedia during the 4th quarter worth $73,000. Ieq Capital LLC purchased a new stake in National CineMedia during the fourth quarter worth $93,000. Catalyst Funds Management Pty Ltd lifted its stake 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 valued at $122,000 after buying an additional 15,300 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of National CineMedia during the 3rd quarter worth about $219,000. Institutional investors and hedge funds own 69.49% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on NCMI. Wedbush upgraded National CineMedia from a "neutral" rating to an "outperform" rating and set a $7.50 price objective on the stock in a report on Friday, March 14th. Benchmark restated a "buy" rating and issued a $8.00 target price on shares of National CineMedia in a research note on Friday, March 7th. Barrington Research restated an "outperform" rating and issued a $7.00 target price on shares of National CineMedia in a research report on Friday, March 14th. William Blair reaffirmed a "neutral" rating and set a $7.50 target price on shares of National CineMedia in a research note on Friday, March 7th. Finally, StockNews.com raised shares of National CineMedia from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $7.70.
Check Out Our Latest Stock Report on National CineMedia
Insider Buying and Selling
In other news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the business's stock in a transaction dated 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 acquisition, the insider now directly owns 10,310,433 shares in the company, valued at approximately $53,408,042.94. This trade represents a 1.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by company insiders.
National CineMedia Price Performance
NCMI stock traded down $0.05 during trading on Monday, hitting $5.72. 102,878 shares of the stock traded hands, compared to its average volume of 608,827. The stock has a market cap of $544.60 million, a price-to-earnings ratio of -22.88 and a beta of 1.92. National CineMedia, Inc. has a one year low of $4.12 and a one year high of $7.60. 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 company has a 50 day simple moving average of $6.23 and a 200 day simple moving average of $6.60.
National CineMedia (NASDAQ:NCMI - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. The business had revenue of $86.30 million for 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%. Equities analysts expect 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 was paid on Monday, April 7th. Investors of record on Monday, March 24th were given a $0.03 dividend. The ex-dividend date was Monday, March 24th. National CineMedia's dividend payout ratio is currently -52.17%.
National CineMedia Company Profile
(
Free Report)
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.
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