Blantyre Capital Ltd Purchases 103,685 Shares of National CineMedia, Inc. (NASDAQ:NCMI) Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder Blantyre Capital Ltd bought 103,685 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $5.18 per share, with a total value of $537,088.30. Following the purchase, the insider now directly owns 10,310,433 shares of the company’s stock, valued at $53,408,042.94. The trade was a 1.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Blantyre Capital Ltd also recently made the following trade(s):

• On Friday, March 7th, Blantyre Capital Ltd purchased 300,000 shares of National CineMedia stock. The shares were acquired at an average cost of $5.12 per share, with a total value of $1,536,000.00.

National CineMedia Price Performance

National CineMedia stock opened at $5.53 on Thursday. The business’s 50-day simple moving average is $6.57 and its 200 day simple moving average is $6.77. 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 stock has a market cap of $526.51 million, a price-to-earnings ratio of -22.12 and a beta of 2.19. National CineMedia, Inc. has a 12-month low of $3.87 and a 12-month high of $7.60.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Thursday, March 6th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.77 million. As a group, research analysts anticipate that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NCMI shares. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday. Barrington Research reduced their price target on shares of National CineMedia from $8.25 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Wedbush restated a “neutral” rating and issued a $7.50 price objective on shares of National CineMedia in a research report on Wednesday, March 5th. Benchmark reaffirmed a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research note on Friday, March 7th. Finally, William Blair reissued a “neutral” rating and set a $7.50 price target on shares of National CineMedia in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, National CineMedia currently has an average rating of “Moderate Buy” and an average price target of $7.70.

Hedge Funds Weigh In On National CineMedia

A number of hedge funds and other institutional investors have recently bought and sold shares of NCMI. Summit Securities Group LLC acquired a new position in shares of National CineMedia in the 4th quarter valued at $53,000. BNP Paribas Financial Markets acquired a new stake in shares of National CineMedia during the fourth quarter worth $57,000. DRW Securities LLC bought a new stake in National CineMedia in the fourth quarter valued at about $73,000. Quarry LP acquired a new position in National CineMedia in the fourth quarter valued at about $91,000. Finally, Ieq Capital LLC bought a new position in National CineMedia during the fourth quarter worth about $93,000. 69.49% of the stock is owned by institutional investors.

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.