National CineMedia, Inc. $NCMI Position Lowered by Riverwater Partners LLC

Riverwater Partners LLC trimmed its position in National CineMedia, Inc. (NASDAQ:NCMI) by 93.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,560 shares of the business services provider’s stock after selling 221,003 shares during the period. Riverwater Partners LLC’s holdings in National CineMedia were worth $66,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strs Ohio acquired a new position in shares of National CineMedia in the 1st quarter worth approximately $43,000. Inscription Capital LLC bought a new position in National CineMedia during the third quarter worth $58,000. Legal & General Group Plc lifted its stake in National CineMedia by 137.1% during the second quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock worth $69,000 after purchasing an additional 8,285 shares during the last quarter. SG Americas Securities LLC acquired a new position in National CineMedia in the third quarter worth $123,000. Finally, JT Stratford LLC bought a new stake in National CineMedia during the second quarter valued at $140,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Trading Up 0.8%

NCMI opened at $3.73 on Wednesday. The business’s 50 day moving average is $3.97 and its 200-day moving average is $4.30. The stock has a market cap of $349.99 million, a PE ratio of -24.87 and a beta of 1.35. National CineMedia, Inc. has a twelve month low of $3.63 and a twelve month high of $7.25.

National CineMedia Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, November 10th. National CineMedia’s payout ratio is -80.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NCMI shares. Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 18th. B. Riley cut their target price on shares of National CineMedia from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Benchmark lowered their target price on National CineMedia from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Barrington Research dropped their price target on National CineMedia from $6.50 to $5.50 and set an “outperform” rating on the stock in a research report on Monday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of National CineMedia in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, National CineMedia has a consensus rating of “Hold” and a consensus target price of $5.80.

Insider Activity

In other news, EVP Maria Vg Woods sold 9,043 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $3.89, for a total transaction of $35,177.27. Following the transaction, the executive vice president directly owned 129,330 shares of the company’s stock, valued at approximately $503,093.70. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.